I was recommended to a conveyancer who has given a fee estimate £1700 for freehold conveyancing in Irlam and Cadishead. I am looking to sell a modern detached home for £200,000. This sounds over the top. Is it above what I should be paying for conveyancing in Irlam and Cadishead?
The charges are a bit high. If you shop around you might get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, you mightcome to rue opting for an a cheaper solicitor. Remember to be sure the conveyancer can act for your mortgage company. Do use our comparison tool to locate a Irlam and Cadishead conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Irlam and Cadishead.
My husband and I are nearing an exchange on a property in Irlam and Cadishead and my parents have sent the exchange deposit to my solicitor. I am now informed that as the deposit has been received from someone other than me my property lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the lender about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The property lawyer is legally required to clarify with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I am the registered owner of a freehold residence in Irlam and Cadishead yet pay rent, why is this and what is this?
It is rare for properties in Irlam and Cadishead and has limited impact for conveyancing in Irlam and Cadishead but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
We're first time buyers - had an offer accepted, but the estate agent advised that the seller will only issue a contract if we appoint their recommended solicitors as they are insisting on a ‘quick sale’. We would rather use a high street conveyancer who is accustomed to conveyancing in Irlam and Cadishead
It is improbable the owners are behind this. If they want ‘a quick sale', alienating a genuine purchaser is counter productive. Speak to the vendors direct and make sure they comprehend that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you will continue to instruct your preferred Irlam and Cadishead conveyancing firm - as opposed tothe ones that will give their negotiator at the agency a commission or hit his conveyancing targets set by HQ.
Fiveweeks into a sale of a flat in Irlam and Cadishead. Conveyancing is fine but we have been asked to pay a fortune from the managing agents. To date we have forked out £250 for a leasehold management information and then a further £118 for answers to questions supplied by the buyers lawyer.
You will not have any say over the extent of the fee for this information however the typical costs for the information for Irlam and Cadishead leasehold property is £355. For Irlam and Cadishead conveyancing transactions it is usual for the seller to pay for these costs. The freeholder or their agents are not duty bound to address such questions most will agree 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 capped charges for administrative tasks. There is no set time frame by which they are obliged to supply answers.