My previous conveyancer has quoted £1400 for freehold conveyancing in West Malling. I’m looking to sell a Georgian detached home for £275,000. This appears over the top. Is it in excess of the norm for conveyancing in West Malling?
The quote is slightly on the high side. If you shop around you may be able to get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, you couldcome to rue choosing an an unknown conveyancer. Don't forget to be sure the firm can also act for your lender. Do employ our comparison tool to locate a West Malling conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in West Malling.
Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who handled the conveyancing in West Malling 10 years ago have long since closed. What do I do?
Nowadays there are copies made of almost everything, and your solicitor should know exactly where to locate all the relevant documentation so you can buy or sell your house without any difficulty. If duplicates can’t be located, your solicitor can arrange cover in the form of insurance or indemnities against possible claims on your premises.
Just had an offer accepted on a new build apartment in West Malling. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in West Malling
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. West Malling is the location of the property. Can you offer any advice?
Flying freeholds in West Malling are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside West Malling you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Malling 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 am tempted by the attractive purchase price for a couple of maisonettes in West Malling which have in the region of 50 years remaining on the lease term. Do I need to be concerned?
There are no two ways about it. A leasehold flat in West Malling is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it reduces the marketability of the premises. For most buyers and banks, leases with under eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with West Malling conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I invested in buying a split level flat in West Malling, conveyancing formalities finalised in 2009. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in West Malling with a long lease are worth £265,000. The ground rent is £50 invoiced annually. The lease expires on 21st October 2101
With only 76 years left to run we estimate the price of your lease extension to range between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
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 the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
What type of premises does your West Malling conveyancing estimates relate to?
The quotes provided are only appropriate to standard domestic homes in England & Wales. Should you have any different requirements for example industrial or agricultural land or commercial conveyancing in West Malling you should telephone us to consider this further .