The conveyancer who assisted with my previous purchase has sent a quote for £1700 for freehold conveyancing in Histon. I am looking to sell a purpose built property for £150,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in Histon?

The estimate does seem marginally steep. If you are happy to spend time scrutinising quotes you might shave off some of the expense by say £125. On the other hand, you couldcome to rue opting for an a cheaper solicitor. If is important to be sure the solicitor can represent your mortgage company. Do make use of our search tool to locate a Histon conveyancing company on the banks member panel which can often include conveyancing solicitors in Histon.

I require conveyancing for a flat in a relatively new development (6 years old) in Histon. 95% of the appartments have already been disposed of. Is it really necessary to order conveyancing searches for my conveyancing in Histon?

You would be taking a significant risk in refusing to carrying out Histon conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would seriously advise in no uncertain terms that your solicitor conducts them. If speed and driving down costs are primary concerns you should discuss with your solicitor about the options such as lack of search insurance available to you

What does my ID and proof of funds have anything to do with my conveyancing in Histon? Why is this being asked of me?

It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Histon. However these days you will not be able to complete any conveyancing transaction if you have not providing evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Please note that if you are providing your driving licence as proof of ID it must be both the paper element and photo card part, one is not satisfactory without the other.

Evidence of the origin of monies is mandated in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancing solicitor must have this information on file. Your Histon conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask further queries concerning the origin of monies.

What is different about your site and alternative online quote calculators for conveyancing in Histon?

At this site receive a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Histon. As opposed to estate agents and many comparison sites we are not in the business of charging firms a commission if you select them for your conveyancing in Histon

I am tempted by the attractive purchase price for a two flats in Histon both have about forty five years unexpired on the lease term. Will this present a problem?

There are no two ways about it. A leasehold flat in Histon is a deteriorating asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it adversely affects the marketability of the premises. For most purchasers and lenders, leases with under eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Histon conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I am the registered owner of a leasehold flat in Histon, conveyancing formalities finalised 8 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Histon with an extended lease are worth £260,000. The ground rent is £45 invoiced every year. The lease runs out on 21st October 2100

With only 75 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus legals.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.