My previous lawyer has sent a quote for £995 for freehold conveyancing in Hednesford. I am looking to sell a newly refurbished detached home for £250,000. Are these estimated fees excessive? Is it in excess of the average fee for conveyancing in Hednesford?
The estimate does seem a tad overpriced. If you shop around you could reduce the fees slightly by as much as a hundred pounds. On the other hand, you maycome to rue opting for an an unknown conveyancer. If is important to ensure the conveyancer can act for your bank. You can utilise our comparison tool to locate a Hednesford conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Hednesford.
I own a terraced Edwardian property in Hednesford. Conveyancing practitioner represented me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to review 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 Hednesford 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 mortgage companies. You can also check the position with your conveyancing practitioner who conducted the work.
I'm purchasing a new build house in Hednesford with the aid of help to buy. The builders refused to move on the price so I negotiated 6k of fixtures and fittings instead. The house builders rep advised me not inform my solicitor about the side-deal as it would affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I decided to have a survey carried out on a house in Hednesford prior to instructing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor has said that some lenders may refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hednesford. Conveyancing may be slightly more expensive based on your lender's requirements.
Me and my wife are buying a leasehold property in Hednesford. Conveyancing estimates are coming in at around £1800. Does that seem right?
The average fee in 2014 for conveyancing in Hednesford was £1,500 not including Stamp Duty and HM Land Registry fees.