The lawyer who helped my last purchase has sent a quote for £1200 for no completion no fee conveyancing in Cirencester. I’m hoping to sell a Edwardian detached home for £200,000. Are these conveyancing fees excessive? Is it above the average fee for conveyancing in Cirencester?
The charges are a bit high. If you are happy to spend time contrasting fee on a like for like basis you might decrease the fees slightly by say a hundred pounds. That being said, you mightcome to regret opting for an an unknown conveyancer. Don't forget to check the conveyancer can represent your bank. Do utilise our search tool to locate a Cirencester conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Cirencester.
Just had an offer accepted on a new build flat in Cirencester. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Cirencester
-
Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one near me in Cirencester I like with a park and transport links in the vicinity, however it only has 49 years unexpired on the lease. There is not much else in Cirencester for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage that many years will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
As co-executor for the will of my grandfather I am selling a house in Cardiff but reside in Cirencester. My solicitor (approximately 260 kilometers from meneeds me to execute a statutory declaration before completion. Can you recommend a conveyancing solicitor in Cirencester to witness this legal document for me?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are based in Cirencester
I want to rent out my leasehold apartment in Cirencester. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
A lease dictates relations between the freeholder and you the flat owner; specifically, it will indicate if subletting is not allowed, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no expres ban or restriction, subletting is permitted. The majority of leases in Cirencester do not contain subletting altogether – such a provision would undoubtedly devalue the flat. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.
I am the registered owner of a garden flat in Cirencester, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Cirencester with a long lease are worth £260,000. The ground rent is £45 invoiced annually. The lease expires on 21st October 2099
With only 74 years unexpired the likely cost is going to range between £8,600 and £9,800 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.