My previous conveyancer has sent a quote for £995 for fixed fee conveyancing in Willen. I’m selling a Georgian house for £300,000. This seems overpriced. Is it in excess of the average fee for conveyancing in Willen?
The costs illustration is slightly on the steep side. If you shop around you may be able to reduce the fees marginally by as much as a hundred pounds. On the other hand, you mightcome to rue opting for an an unknown lawyer. Remember to check the conveyancer can also act for your mortgage company. You can make use of our search tool to select a Willen conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Willen.
A colleague advised me that in buying a property in Willen there could be a number of restrictions preventing external alterations to the property. Is this right?
There are a number of properties in Willen which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Willen should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am due to move property in July. Will my conveyancing solicitor update the removal company on the day of completion. On a separate note, can you put forward a removal company in Willen. Conveyancing solicitor was found before I stumbled across this site.
On the day of completion you can collect the keys from the property agent but this can only take place when the sellers lawyers confirm to the agent that the monies to complete are in and the keys can be passed over. You should advise the removal company that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can help you find a residential property solicitor in Willen or a lawyer with expertise in conveyancing in Willen.
Planning on purchasing a maisonette in Willen. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Willen property lawyer is on the Coventry BS conveyancing panel.
Various internet forums that I have frequented warn that are the number one reason for stalling in Willen conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any holding up conveyancing in Willen.
Are there restrictive covenants that are commonly identified as part of conveyancing in Willen?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Willen. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Willen is the location of the property. Can you offer any advice?
Flying freeholds in Willen are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Willen you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Willen may decide 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 property.
I am employed by a long established estate agency in Willen where we have witnessed a few flat sales put at risk as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Willen conveyancing solicitors. Please can you clarify whether the owner of a flat can instigate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I own a 2 bed flat in Willen, conveyancing having been completed in 1998. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Willen with over 90 years remaining are worth £176,000. The ground rent is £50 levied per year. The lease ends on 21st October 2075
With only 50 years unexpired we estimate the price of your lease extension to be between £31,400 and £36,200 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.