The conveyancer who dealt with my former purchase has given a fee calculation of £1400 for freehold conveyancing in Timsbury. I’m selling a Victorian property for £275,000. Is this expensive? Is it above the norm for conveyancing in Timsbury?
The quote is fractionally on the steep side. If you shop around you may be able to get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, you couldlive to regret choosing an an untested solicitor. Remember to enquire that the firm can act for your bank. You can make use of our comparison tool to choose a Timsbury conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Timsbury.
I am acquiring a house mortgage free in Timsbury. I have resided for the last twelve years in Timsbury. Conveyancing searches are exorbitant. As I know the road and vicinity intimately must I have all the conveyancing searches?
In the absence of a mortgage, then the vast majority of the Timsbury conveyancing searches are non-obligatory. Your solicitor will 'advise', no-doubt strongly, that you should have searches completed, but she has a professional duty to do this. Do bear in mind; if you are going to sell the house at a future date, it will likely be be of importance to your future buyer what the searches contain. On occasion houses with apparent issues can still reveal adverse search results. A good conveyancing solicitor in Timsbury will be able to give you some practical guidance in this regard.
I purchased a freehold property in Timsbury but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Timsbury and has limited impact for conveyancing in Timsbury but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
My colleague suggested that where I am purchasing in Timsbury I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Timsbury conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Timsbury around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Timsbury Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data regarding Timsbury.
I need to appoint a conveyancing solicitor for some conveyancing in Timsbury. I have land on a web site which seems to have the ideal answer If there is a chance to get all this stuff completed via email that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We are midway through buying a property in Timsbury. Conveyancing solicitor has called to say the title is "Leasehold". Does this adversely affect the marketability of the house?
Timsbury conveyancing does not in most situations involve leasehold houses. The crucial factor here is the remaining lease term and the ground rent. If it's 999 years with a peppercorn rent, it's virtually freehold, so it shouldn't impact the value significantly.
On the flip side, if it's, say, 50 years it is bound to have a adverse effect on the saleability, and probably wouldn't be mortgageable. The remaining lease term and ground rent will be stated in the lease provided to your property lawyer.