I was referred a conveyancer who has quoted £1200 for leasehold conveyancing in Greystones. I’m selling a newly refurbished house for £275,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Greystones?
The estimate does seem marginally overpriced. If you shop around you might reduce the fees marginally by perhaps £100 plus VAT. That being said, you couldcome to rue choosing an an unknown conveyancer. If is important to check the conveyancer can also act for your bank. You can use our search tool to choose a Greystones conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Greystones.
Can I use your services to recommend a Conveyancing solicitor in Greystones even where I’m not buying or disposing of a house, for example where I intend to buy a shop in Greystones with a loan from Bank of Ireland?
Our comparison service is mainly utilised to get a quote from residential conveyancing solicitors in Greystones but we have set out towards the bottom of this page a few Greystones commercial conveyancing firms. You will need to enquire with the company directly to see if they are also authorised to represent Bank of Ireland
Forgive me if this question is silly but I am unexperienced as a first time buyer of a two bedroom flat in Greystones. Do I pick up the keys to the property on completion from my conveyancer? If so, I will appoint a High Street conveyancing solicitor in Greystones?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the vendor’s solicitors, and once they have received this, you should be invited to pick up the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
My father advised me that in buying a property in Greystones there could be a number of restrictions prohibiting external alterations to a property. Is this right?
We are aware of a number of properties in Greystones which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Greystones should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
About to purchase house in Greystones. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Greystones conveyancing practitioner is on the Lloyds conveyancing panel.
I am looking for a ground for flat up to £195,000 and found one near me in Greystones I like with a park and transport links nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Greystones suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan the shortness of the lease will be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
I have just started marketing my basement flat in Greystones. Conveyancing solicitors are to be appointed soon, however I have just had a quarterly service charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as you normally would as all ground rent and maintenance invoices should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a ground floor flat in Greystones, conveyancing formalities finalised in 2005. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Greystones with an extended lease are worth £196,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease finishes on 21st October 2089
You have 64 years unexpired we estimate the premium for your lease extension to be between £15,200 and £17,600 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.