I was referred a lawyer who has given a fee calculation of £1200 for leasehold conveyancing in Warlingham. I am looking to sell a purpose built property for £125,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in Warlingham?
The estimate does seem marginally overpriced. Where you are willing to expend time scrutinising charges you may be able to shave off some of the expense by say £125. On the other hand, you maycome to rue opting for an an untested lawyer. If is important to be sure the conveyancer can represent your mortgage company. You can use our comparison tool to select a Warlingham conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Warlingham.
It has been 2 months following my purchase conveyancing in Warlingham completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a flat up to £195,000 and found one round the corner in Warlingham I like with a park and transport links in the vicinity, however it only has 49 years unexpired on the lease. I can't really find anything else in Warlingham suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan that many years may be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
I was recommended by a few estate agents in Warlingham to locate a conveyancer on your site. What’s the financial incentive for Estate Agents to recommend your site over a competitor’s?
We don’t offer any commission for pointing buyers and sellers in our direction. We found it would be just too difficult a fee as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I are new on the property ladder - had an offer accepted, but the selling agent has warned us that the owners will only go ahead if we instruct their recommended solicitors as they are insisting on a ‘quick sale’. We would rather use a high street solicitor who is accustomed to conveyancing in Warlingham
It is highly unlikely the vendors are driving this. Should the owner require ‘a quick sale', taking such a hostile approach to a serious purchaser is likely to cause more damage than good. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to use your own,trusted Warlingham conveyancing firm - rather thanthose that will earn the negotiator at the agency a referral fee or meet his conveyancing thresholds pre-set by HQ.
Is it true that a Warlingham conveyancing company has court proceedings brought against them by a client for failing to conduct the right conveyancing investigations?
We are not aware of such a Warlingham conveyancing claim but according to a recent report, a couple acquiring a property elsewhere in England successfully won a claim against their lawyer due to development permission to erect a wind farm not being identified in conveyancing searches.
Where you are purchasing in Warlingham It is critical that your conveyancer conduct all Warlingham conveyancing searches required making sure that you have relevant and current information ahead of purchasing a home in Warlingham.