My friend's step-father is a solicitor. I suspect that I will be offered preferential fee for conveyancing, but if not, what kind of costs should I be expecting for conveyancing in Leegomery?
Do contrast pricing. Do use our comparison tool on this page. The charges will be different but the service one can expect differ between law firms as is true with the vast majority of professional services.
I had intended to instruct a property lawyer in Leegomery for our house purchase. Our financial adviser informed us that our bank TSB won't deal with them. Surely this is unduly restrictive?
Lenders on the whole imposes restrictions either the type or the volume of conveyancing solicitors on their panel. Typical examples of such criteria being that a firm must have two or more partners. In addition to restricting the profile of firm, some have decided to limit the amount of solicitor practices they allow to act for them. You should note that TSB have no responsibility for the quality of advice provided by any member of TSB Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of solicitor panels since 2008 even though there remains differing opinions about the level of solicitor involvement in some of that fraud. Data from the Land Registry indicate that plenty of law firms, including some in or near Leegomery only conduct one or two conveyances per annum.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Leegomery is where the house is located. Is there any guidance you can impart?
Flying freeholds in Leegomery are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Leegomery you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Leegomery may ascertain 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 premises.
In my capacity as executor for the will of my aunt I am selling a residence in Neath but reside in Leegomery. My conveyancer (based 300 miles awayneeds me to sign a statutory declaration ahead of completion. Can you recommend a conveyancing lawyer in Leegomery to witness and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are located in Leegomery
I am a negotiator for a long established estate agent office in Leegomery where we have witnessed a few leasehold sales jeopardised due to short leases. I have received conflicting advice from local Leegomery conveyancing firms. Please can you shed some light as to whether the seller of a flat can commence the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder 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 purchaser.
I am the registered owner of a ground floor flat in Leegomery, conveyancing was carried out 5 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Leegomery with a long lease are worth £222,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease finishes on 21st October 2096
With just 71 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.