The conveyancer who helped my last purchase has quoted £1150 for freehold conveyancing in Trentham. I am looking to sell a Victorian house for £225,000. This appears too much. Is it above the average fee for conveyancing in Trentham?
The quote is slightly on the steep side. If you are content to invest time comparing quotes you could trim some of the cost by say a hundred pounds. On the other hand, you maycome to rue opting for an an unknown solicitor. If is important to check the firm can also act for your bank. You can use our comparison tool to get a quote a Trentham conveyancing practice on the banks conveyancing panel which can often include conveyancing solicitors in Trentham.
My husband and I intend to remortgage our flat in Trentham with Bank of Ireland. We have a son approaching twenty who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have two concerns (1) Is this document specific to the Bank of Ireland conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?
First, rest assured that your Bank of Ireland conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Bank of Ireland. This is solely used to protect Bank of Ireland if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Bank of Ireland had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
We note that you have a post code search directory identifying law firms on the RBS conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Trentham?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Trentham.
I have recentlybeen informed that Action Conveyancing have closed. They carried out my conveyancing in Trentham for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Trentham conveyancing specialists.
I have been on the look out for a ground for flat up to £195,000 and found one round the corner in Trentham I like with a park and transport links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Trentham for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan that many years will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I have been recommended by three or four local estate agents in Trentham to find a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to promote your lawyers rather than a competitor’s?
We refuse to offer any commission for directing people in our direction. We found it would be just too difficult a fee as home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.