The conveyancer who helped my previous purchase has quoted £1200 for leasehold conveyancing in Underwood. I am looking to sell a newly refurbished house for £300,000. Is this over the top? Is it above the average fee for conveyancing in Underwood?
The quote is fractionally on the high side. If you shop around you could decrease the fees slightly by perhaps £125. That being said, you couldcome to rue opting for an an unknown lawyer. Remember to check the conveyancer can represent your lender. Do utilise our search tool to select a Underwood conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Underwood.
I have been told that property searches are the primary cause of obstruction in Underwood house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays during the legal transfer of property. Searches are not likely to be the root cause of slowing down conveyancing in Underwood.
My wife and I own a renovated Georgian property in Underwood. Conveyancing lawyer represented me and Barclays Direct. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the exact same address. Is it worth asking Barclays Direct to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Underwood and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing lawyer who conducted the work.
We're FTB’s - agreed a price, but the agent has warned us that the seller will only move forward if we appoint their recommended solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer who is accustomed to conveyancing in Underwood
It is highly unlikely the owners are behind this. If they require ‘a quick sale', turning down a motivated purchaser is is going to put the whole deal at risk. Contact the owners directly and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you intend to use your preferred Underwood conveyancing solicitors - not the ones that will earn the negotiator at the agency a commission or hit his conveyancing targets pre-set by head office.
If all goes to plan we aim to complete the sale of our £275,000 garden flat in Underwood in 10 days. The managing agents has quoted £384 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Underwood?
Underwood conveyancing on leasehold maisonettes often requires the purchaser’s lawyer submitting questions for the landlord to answer. Although the landlord is not legally bound to respond to such questions the majority will be willing to assist. They may levy a reasonable administration fee for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is over three hundred pounds, in some cases it is above £800. The administration charge invoiced by the landlord must be accompanied by a summary of entitlements and obligations in relation to administration charges, otherwise the invoice is technically not due. Reality however dictates that one has little choice but to pay whatever is demanded should you wish to exchange contracts with the buyer.
I inherited a basement flat in Underwood, conveyancing formalities finalised 6 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Underwood with over 90 years remaining are worth £211,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease terminates on 21st October 2092
With only 67 years remaining on your lease we estimate the premium for your lease extension to be between £10,500 and £12,000 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
My parents are unable to locate their Underwood land registry title on the site. They recall that back in the 70’s when they bought the bungalow there were complications regarding Underwood not being identified on some systems.
Almost all residences in Underwood should appear. Have you tried a search to just the postcode. Normally it will disclose all the houses and flats inside the postcode. Where recorded it will be there with a title number. Where they bought 50 years ago it's conceivable it may be unregistered. The address might still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title documentation which could be with your parent’s bank.