My partner’s uncle is a solicitor. I expect that I will be offered friends and family fee for conveyancing, but if not, what kind of fees would I typically be looking at for conveyancing in Totton?
Do compare pricing. Make use of our comparison tool on this page. You will notice that amounts will be different but the service one can expect are distinct between conveyancers as is true with the vast majority of professional services.
Me and my brother have a terraced Georgian property in Totton. Conveyancing lawyer acted for me and Alliance & Leicester . I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Totton and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing lawyer who conducted the conveyancing.
I am purchasing my first flat in Totton with the aid of help to buy. The builders refused to move on the price so I negotiated £7000 of extras instead. The property agent advised me not inform my lawyer about this deal as it could impact my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Am I right to be wary about third parties that I am dealing with are recommending a national conveyancing firm rather than a High Street Totton conveyancing company?
As with lots of service providers, often suggestions from relatives can be most helpful. But there are numerous parties with a keen interest in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies might all recommend lawyers to choose. On occasion the lawyers might be known to one of the organisations as one of the best in their field, but occasionally there exists a financial incentive behind the endorsement. You have the right to appoint your preferred lawyer. You need to be aware that most banks operate an approved list of solicitors you have to use for the lender related work in your conveyancing.
I am looking for a conveyancing practitioner in Totton for my home move. Can I check a firm’s record with the legal regulator?
One can find documented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator could recorded call for training purposes.
I own a leasehold house in Totton. Conveyancing and The Royal Bank of Scotland mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Totton who acted for me is not around. Any advice?
The first thing you should do is contact HMLR to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Totton conveyancing firm to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a 1 bedroom flat in Totton, conveyancing having been completed in 2007. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Totton with a long lease are worth £201,000. The ground rent is £45 levied per year. The lease expires on 21st October 2091
With just 65 years unexpired we estimate the premium for your lease extension to be between £13,300 and £15,400 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered 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.