Our family solicitor has sent a quote for £1200 for leasehold conveyancing in Whitefield. I am hoping to downsize from a Georgian property for £150,000. This sounds expensive. Is it above the average fee for conveyancing in Whitefield?
The charges are a tad high. If you shop around you may be able to reduce the fees marginally by say £100 plus VAT. On the other hand, you maycome to rue opting for an a cheaper conveyancer. Don't forget to enquire the solicitor can also act for your lender. You can make use of our search tool to find a Whitefield conveyancing practice on the banks member panel which can often include conveyancing solicitors in Whitefield.
We are getting closer to an exchange on a flat in Whitefield and my parents have sent the 10% deposit to my lawyer. I am now informed that as the deposit has been sent from someone other than me my solicitor needs to disclose this to my lender. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the lender about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your conveyancing practitioner is legally required to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I own a freehold house in Whitefield but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Whitefield and has limited impact for conveyancing in Whitefield but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Whitefield is the location of the property. Can you shed any light on this issue?
Flying freeholds in Whitefield are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Whitefield you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whitefield 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 residence.
My wife and I purchased a leasehold house in Whitefield. Conveyancing and Yorkshire Building Society mortgage are in place. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Whitefield who previously acted has long since retired. Do I pay?
The first thing you should do is make enquiries of HMLR to be sure that this person is indeed the new freeholder. It is not necessary to incur the fees of a Whitefield conveyancing lawyer to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Leasehold Conveyancing in Whitefield - Examples of Queries before buying
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It would be prudent to find out if there is anything that is prohibited in the lease. By way of example some leases prohibit pets being allowed in certain buildings in Whitefield. If you like the apartmentin Whitefield yet your cat is not allowed to make the move with you then you have a very difficult compromise. How long is the Lease? Are there any major works anticipated that could add a premium to the service fees?
What range of conveyancing matters do Whitefield conveyancing firms deal with?
In the main Whitefield conveyancing organisations tend to conduct various services to home and land proprietors, vendors, buyers, freeholders and tenants and you can expect them to help you with some of the following services:
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Private sale conveyancing in Whitefield or nationwide
Residential purchase conveyancing in Whitefield and further afield
Islamic Compliant Finance including sales, purchases and refinances Transferring equity for example transfer of an interest in a property Option Agreements and conditional Contracts Shared equity purchase (part buying and part renting)