My family solicitor has sent a quote for just over a thousand pound for leasehold conveyancing in Trelogan. I’m looking to sell a Victorian property for £200,000. Is this over the top? Is it in excess of the average fee for conveyancing in Trelogan?
The charges are a tad high. Where you are content to spend time comparing charges you might get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, you mightcome to regret choosing an an untested solicitor. Remember to ensure the conveyancer can also act for your bank. Do employ our search tool to get a quote a Trelogan conveyancing firm on the banks member panel which can often include conveyancing solicitors in Trelogan.
We had selected conveyancing lawyers with offices in Trelogan on the Santander solicitor approved list. They are now charging me a supplemental fee for dealing with the Santander mortgage. Is this a supplemental conveyancing fee specified by Santander?
Provided it is contained in their Terms and Conditions or estimate then yes your lawyer can levy a fee for this. The fee is not dictated by Santander but by your Trelogan conveyancer. Some firms on the Santander panel will quote an ‘acting for lender’ fee and others do not.
After much negotiation I have agreed a price on an apartment in Trelogan. My financial adviser suggested a property lawyer. I paid an advanced payment of £150. A couple of days later, the conveyancing practitioner called me to say that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Planning on purchasing a apartment in Trelogan. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Trelogan property lawyer is on the Lloyds conveyancing panel.
Over the last few months I have been searching for a flat up to £305k and found one close by in Trelogan I like with amenity areas and railway links nearby, however it only has 52 years on the lease. There is not much else in Trelogan suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan that many years may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
Hoping to buy a property located in Trelogan and I am already nervous. I couldn't find anything specific about Trelogan. Conveyancing will be needed in due course but do you know about the Trelogan area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Trelogan. In the meantime here are some basic statistics that we found
My father-in-law has recommend that I appoint his lawyers for conveyancing in Trelogan. Do I follow his recommendation?
There are no two ways about it the best way to choose a conveyancing practitioner is to have referrals from friends or family who have actually previously instructed the solicitor you're contemplating using.
Do you have any top tips for leasehold conveyancing in Trelogan from the perspective of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Trelogan can be avoided where you appoint lawyers the minute you market your property and request that they start to collate the leasehold information needed by the buyers’ solicitors. Many landlords or managing agents in Trelogan levy fees for supplying management packs for a leasehold premises. You or your lawyers should discover the fee that they propose to charge. The management information sought on or before finding a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most usual reason for delay in leasehold conveyancing in Trelogan. You may think that you are aware of the number of years left on your lease but you should verify this by asking your lawyers. A buyer’s lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is less than 80 years. In the circumstances it is important at an early stage that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. If you have had any disputes with your freeholder or managing agents it is essential that these are settled prior to the flat being marketed. The purchasers and their solicitors will be warry about purchasing a property where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the buyers, but it is better to reveal the dispute as historic as opposed to unsettled.
I acquired a 1 bedroom flat in Trelogan, conveyancing having been completed 7 years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Trelogan with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease ceases on 21st October 2086
With 61 years left to run we estimate the price of your lease extension to be between £19,000 and £22,000 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.