Having been referred to your site we were going to use a conveyancing solicitor in West Ruislip endorsed on your site but have come across some other estimates via the web appear cheaper – why is this?
You can find lots of conveyancers offering what appear to be cut price. We would urge you to give due consideration about how much you respect your own move to want to take 'cheap' risks over the standard of the legal work. Some embed additional charges deep into the terms of business. The solicitors that we put forward for conveyancing in West Ruislip will notbehave this way.
IfI was to buy a straightforward housein West Ruislip mortgage fee and have no survey and no conveyancing searches how much should I expect to to save on my conveyancing in West Ruislip?
Any savings you would gain would be limited to the disbursement for searches. Your conveyancer still be obliged to do everything else - money laundering, correspond with your sellers conveyancing practitioner, SDLT submission, register the property etc. A slight saving might be made by not having to register a charge however it will not be a lot.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one near me in West Ruislip I like with amenity areas and transport links in the vicinity, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in West Ruislip in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan the remaining unexpired lease term will likely be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
I am tempted by the attractive purchase price for a couple of maisonettes in West Ruislip which have approximately 50 years left on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in West Ruislip. The lease is a right to use the property for a period of time. As the lease gets shorter the marketability of the lease deteriorates and it becomes more expensive to acquire a lease extension. This is why it is advisable to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage companies may be reluctant to lend money on properties of this type. Lease enfranchisement can be a protracted process. We recommend you get professional assistance from a solicitor and surveyor with experience in this arena.
I invested in buying a 2 bed flat in West Ruislip, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in West Ruislip with over 90 years remaining are worth £201,000. The ground rent is £45 yearly. The lease runs out on 21st October 2090
With 65 years remaining on your lease the likely cost is going to range between £13,300 and £15,400 plus costs.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed investigations. 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 move forward based on this information without first seeking the advice of a professional.
How much will conveyancing in West Ruislip cost?
Almost all West Ruislip conveyancing practices will charge a fixed fee. If additional work arise during the transaction your conveyancer should advise you in writing of any extra fees for any work as soon as it becomes foreseeable. Some companies may agree not to render an invoice if the deal falls through, others will levy an bill for a fraction of the set fee, according to the point at which the deal does not proceed.
It is advisable to ask various conveyancers to give you a quotation.