I was recommended to a lawyer who has sent a quote for £1150 for fixed fee conveyancing in Trafford Park. I’m selling a Victorian property for £175,000. Are the quoted fees excessive? Is it above the average fee for conveyancing in Trafford Park?
The quote is slightly on the high side. If you are willing to invest time contrasting fee on a like for like basis you might get the conveyancing a bit cheaper by say £125. That being said, you mightlive to rue choosing an an untested solicitor. Remember to ensure that the conveyancer can represent your bank. Do make use of our comparison tool to locate a Trafford Park conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Trafford Park.
What does my ID and proof of funds have anything to do with my conveyancing in Trafford Park? Is this really warranted?
Trafford Park conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill no more than three months).
Proof of the origin of funds is also necessary under the money laundering regulations as lawyers are required to investigate that the money you are utilising to acquire a property (be it the exchange deposit or the full purchase price where you are buying without a mortgage) has come from an acceptable source (such as an inheritance) as opposed to the fruits of criminal activity.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Nationwide Solicitor panel ahead of completing my conveyancing in Trafford Park?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I require expedited conveyancing in Trafford Park as I have a deadline to complete in less than one month. A mortgage is not required. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are not obtaining a mortgage you are at free not to do searches although no conveyancer would advise that you don't. Drawing on our experience of conveyancing in Trafford Park the following are instances of issues that can arise and therefore affect the marketability of the property: Enforcement Notices, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
I have been on the look out for a ground for flat up to £195,000 and identified one near me in Trafford Park I like with a park and transport links nearby, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Trafford Park in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage that many years will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
In what way can the Landlord & Tenant Act 1954 impact my business property in Trafford Park and how can your lawyers assist?
The 1954 Act provides protection to commercial leaseholders, granting the dueness to make a request to court for a new lease and remain in occupation at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act for protection and handle your commercial conveyancing in Trafford Park