The solicitor who helped my previous purchase has sent a quote for £1400 for fixed fee conveyancing in Virginia Water. I’m hoping to sell a newly refurbished house for £175,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Virginia Water?
The charges are a little high. If you shop around you may be able to decrease the fees marginally by as much as a hundred pounds. On the other hand, you couldlive to regret opting for an a cheaper solicitor. Remember to be sure that the conveyancer can also act for your mortgage company. Do make use of our search tool to choose a Virginia Water conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Virginia Water.
I am buying a terraced house in Virginia Water. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Virginia Water you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Virginia Water.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Virginia Water is where the house is located. What do you suggest?
Flying freeholds in Virginia Water are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Virginia Water you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Virginia Water may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I need to retain a conveyancing solicitor for sale conveyancing in Virginia Water. I've land on a site which appears to be the ideal answer If it is possible to get all this stuff done via email that would be preferable. Do I need to be wary? 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?
I today plan to offer on a house that appears to be perfect, at a reasonable price which is making it all the more appealing. I have just been informed that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Virginia Water. Conveyancing solicitors have are about to be instructed. Will they explain the issues?
The majority of houses in Virginia Water are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Virginia Water so you should seriously consider shopping around for a Virginia Water conveyancing solicitor and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the freeholder’spermission to carry out changes to the property. It may be necessary to pay a contribution towards the maintenance of the communal areas where the property is located on an estate. Your conveyancer should advise you fully on all the issues.
I inherited a garden flat in Virginia Water, conveyancing was carried out January 2007. How much will my lease extension cost? Equivalent flats in Virginia Water with an extended lease are worth £201,000. The average or mid-range amount of ground rent is £45 yearly. The lease runs out on 21st October 2089
With 64 years left to run we estimate the price of your lease extension to range between £14,300 and £16,400 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
We are considering instructing an online conveyancer rather than a Virginia Water conveyancing firm. Should I ‘stay local’?
Advantages do exist in being able to attend a local Virginia Water conveyancing solicitor for example
- signing documents on short notice
- getting face-to-face explanations of things that you need help with
- the ability to raise concerns if things need to addressed
When checking estimates, look out for hidden extras. The majority decent Virginia Water high street solicitors give an all-inclusive figure. Many online agents appear to offer cheap prices, but have hidden 'extras' in the fine print.