My family lawyer has given a fee estimate £1700 for no sale no fee conveyancing in Wakefield. I’m selling a Georgian house for £250,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Wakefield?
The costs illustration is fractionally on the expensive side. If you are willing to expend time scrutinising quotes you may be able to shave off some of the cost by perhaps a hundred pounds. On the other hand, you mightcome to regret opting for an an unknown lawyer. Don't forget to enquire that the solicitor can act for your lender. You can employ our comparison tool to select a Wakefield conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Wakefield.
What happens if my solicitor is suspended from the Nottingham Solicitor panel ahead of completing my conveyancing in Wakefield?
First, this is very unlikely to happen. 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 have been on the look out for a leasehold apartment up to £235,500 and found one close by in Wakefield I like with a park and railway links in the vicinity, however it's only got 49 years unexpired on the lease. There is not much else in Wakefield suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan that many years will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
I am thinking of appointing a conveyancing practitioner in Wakefield for my sale. Is there any facility to review a firm’s complaints history with the legal regulator?
Members of the public can see documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA sometimes recorded call for training purposes.
I’m about to sell my 2 bed apartment in Wakefield. Conveyancing has not commenced, but I have recently had a half-yearly service charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should pay the maintenance contribution as normal as all ground rent and service payments will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I acquired a 1st floor flat in Wakefield, conveyancing having been completed 10 years ago. Can you work out an approximate cost of a lease extension? Similar flats in Wakefield with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 yearly. The lease finishes on 21st October 2084
With just 58 years unexpired the likely cost is going to be between £22,800 and £26,400 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.
Me and my partner have today had an offer accepted on our 1st house in Wakefield, and need to get solicitors appointed. I have used the different rating based websites and the quotes are from all across the country. Is it important to have a Wakefield property lawyer local to your prospective new home? I am happy to do all the communicating electronically, but I guess at some point we may need to attend the conveyancer's office to sign papers?
The conveyancer does not have to be in Wakefield, but opting for local means that you have the option to attend their offices if required, by way of example, if a signature is immediately necessary. In addition, a Wakefield solicitor have established relationships with local agents and (if the vendor has chosen a local conveyancing practitioner) with them, which will help smooth the process.