At what point does exchange of contracts happen for domestic conveyancing in Chaddesley Corbett and do I need to be at the conveyancers branch?

Where you are near to our conveyancing solicitors in Chaddesley Corbett you are welcome to attend to sign documents. However, the firms we recommend offer a countrywide conveyancing service and provide as equally diligent and professional a job for you when communicating with you electronically. The signing of the contract is not the critical part. Signing on the dotted line is just a prerequisite for the conveyancer to address the formalities when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Chaddesley Corbett)to be in the office at the appropriate time.

Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Chaddesley Corbett is where the house is located. What do you suggest?

Flying freeholds in Chaddesley Corbett are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chaddesley Corbett you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chaddesley Corbett may determine 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.

I have been recommended by a couple of local selling agents in Chaddesley Corbett to choose a solicitor using your seach tool. What’s the financial inducement for Estate Agents to market your site rather than another?

We refuse to make any financial incentive for sending work in our direction. We thought it would be too underhand to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.

Completion is due on our sale of a £175,000 flat in Chaddesley Corbett in seven days. The management company has quoted £336 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Chaddesley Corbett?

For the majority of leasehold sales in Chaddesley Corbett conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

Completing pre-contract enquiries Where consent is required before sale in Chaddesley Corbett Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Chaddesley Corbett leasehold property is £350. For Chaddesley Corbett conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide answers.

I inherited a 1 bedroom flat in Chaddesley Corbett, conveyancing was carried out May 2001. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Chaddesley Corbett with a long lease are worth £202,000. The average or mid-range amount of ground rent is £60 invoiced annually. The lease runs out on 21st October 2080

With only 56 years left to run the likely cost is going to range between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.

I have today had an offer accepted on a leasehold flat in Chaddesley Corbett and the mortgage adviser that we are using recommended his conveyancer. They quoted a thousand pounds including VAT and disbursements. Does this sound reasonable?

You should not rely on 1 quote. One should obtain like-for-like quotes for your conveyancing in Chaddesley Corbett. Then choose one that you trust and just as important, is on the approved panel of the bank that you are sourcing your mortgage from.