I was recommended to a solicitor who has sent a quote for £1350 for no sale no fee conveyancing in Wilsden. I’m hoping to sell a Georgian detached home for £200,000. Is this expensive? Is it in excess of the norm for conveyancing in Wilsden?
The charges are a bit high. If you are prepared to spend time comparing charges you could trim some of the expense by as much as £125. On the other hand, you mightlive to regret choosing an an unknown solicitor. Remember to be sure the solicitor can act for your lender. Do utilise our search tool to get a quote a Wilsden conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Wilsden.
I have been told that property searches are the main reason for stalling in Wilsden conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Wilsden.
I have justfound out that Stirling Law have been shut down. They carried out my conveyancing in Wilsden for a purchase of a leasehold flat 10 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The quickest method to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wilsden conveyancing specialists.
I have been on the look out for a ground for flat up to £305k and identified one close by in Wilsden I like with amenity areas and transport links nearby, however it only has 49 years on the lease. I can't really find anything else in Wilsden in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage the remaining unexpired lease term will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
Back In 2007, I bought a leasehold flat in Wilsden. Conveyancing and Clydesdale mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Wilsden who acted for me is not around. Do I pay?
First make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. There is no need to incur the fees of a Wilsden conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a split level flat in Wilsden, conveyancing was carried out in 1999. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Wilsden with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £50 levied per year. The lease comes to an end on 21st October 2099
With just 75 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as costs.
The figure that we have given is 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 due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.
Am in the process of buying my 1st home in Wilsden. Conveyancing practitioner already instructed. The financial consultant suggested that a survey is not necessary as the house is only fifteen years old.
As the bare minimum you need a Home Buyer's Report. As the residence was constructed over a decade ago the property will not come with a warranty, so you would be well advised not to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report may be enough. The report should highlight any apparent issues and recommend additional investigation if appropriate. If there are any indications of material issues obtain a comprehensive structural survey.