We were about to choose a conveyancing solicitor in Abbots Bromley listed using your comparison tool but have come across some other costs illustrations on the internet seem less expensive – why is this?

There are hundreds of conveyancers marketing theoretically looks to be cut price. We would encourage you to give due consideration as to how important this transaction is to you that want to take 'cheap' risks in relation to the quality of the conveyancing. Many of them list a low quote to catch your eye but plant supplemental fees in the fine print..

I acquired my flat on 10 September and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Abbots Bromley expressed confidence that it should be formalised in a couple of weeks. Are titles in Abbots Bromley particularly slow to register?

As far as conveyancing in Abbots Bromley is concerned, registration is no faster or slower than the rest of the country. Rather than based on location, timeframes can vary according to who lodges the application, whether there are errors and whether the Land registry communicate with any third parties. As of today in the region of three quarters of submission are completed in less than three weeks but occasionally there can be protracted delays. Registration takes place after the new owner has moved in to the premises therefore an expedited registration is not usually an essential issue but if it is urgent that the the registration takes place urgently then you or your lawyers must contact the land registry and explain the circumstances.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Abbots Bromley. Conveyancing is necessary evil 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 legal work.

Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Abbots Bromley

Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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. 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.

All being well we will complete our sale of a £325,000 garden flat in Abbots Bromley next week. The managing agents has quoted £408 for Landlord’s certificate, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Abbots Bromley?

Abbots Bromley conveyancing on leasehold flats normally necessitates the buyer’s conveyancer submitting enquiries for the landlord to address. Although the landlord is not legally bound to respond to such questions the majority will be content to assist. They are at liberty to charge a reasonable administration fee for responding to enquiries or supplying documentation. There is no set fee. The average fee for the information that you are referring to is over three hundred pounds, in some transactions it exceeds £800. The management information fee levied by the landlord must be accompanied by a synopsis of entitlements and obligations in respect of administration fees, without which the charge is technically not due. Reality however dictates that you have no option but to pay whatever is requested of you should you wish to complete the sale of your home.

Leasehold Conveyancing in Abbots Bromley - Examples of Queries Prior to Purchasing

You will want to find out as much as you can concerning the company managing the block as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to practical issues like the upkeep of the communal areas. Enquire of other tenants if they are happy with them. In conclusion, be sure you know the dates that the service charges are due to the managing agents and specifically how they are spending the funds. Is the freehold reversion owned jointly by the tenants? You should be aware that where the lease has fewer than 80 years it will affect the marketability of the apartment. Check with your mortgage company that they are willing to lend given the lease term. Leases with less than 80 years remaining means that you will probably have to extend the lease sooner rather than later and you need to have some idea of how much this would cost. Remember, in most cases you would be required to have owned the property for two years before you are eligible to extend the lease.

How and when do I pay stamp duty due for my Abbots Bromley flat purchase?

The property lawyer will fill out a Land Transaction Return Form for you as part of your Abbots Bromley purchase transaction for signature. After completion your property lawyer will submit your Land Transaction Return Form to the Inland Revenue and - assuming they have the funds - pay any tax bill liability for you.