Recently contacted my conveyancing lawyer in Luton who acted for me two years ago requesting a conveyancing quote based on an identical type of home move (a leasehold premises and a freehold property) of similar values with a loan from Bank of Scotland. I am now being quoted twice the amount. Am I right to be tempted to shop around for an alternative conveyancer?
The estimate does seem a tad overpriced. If you shop around you may be able to reduce the fees marginally by say £100 plus VAT. That being said, if you were content with the conveyancing the firm gave you mightlive to rue choosing an an untested solicitor. Remember to enquire that the conveyancer can act for Bank of Scotland. Do make use of our search tool to choose a Luton conveyancing firm on the Bank of Scotland conveyancing panel, which can often include conveyancing solicitors in Luton.
Finally the sale completed on my house in Luton last April yet the purchaser is SMS messaging every few hours to moan that their solicitor needs to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Following your disposal your solicitor should forward the transfer documentation and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your lawyer must also confirm that the home loan has been redeemed to the buyers lawyers. There is unlikely to be post completion steps just for conveyancing in Luton.
Are there restrictive covenants that are commonly identified during conveyancing in Luton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Luton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one close by in Luton I like with a park and railway links nearby, however it's only got 51 remaining years left on the lease. There is not much else in Luton in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you can ask them to start the process of the extension 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 speak to your conveyancing lawyer regarding this matter.
I am purchasing a garden flat in Luton. Conveyancing solicitor is awaiting, from the vendor, building insurance documents. I was told today I was informed that the seller must send the insurance paperwork for the flat above in addition. Why does my lawyer need to see the insurance for the flat above? Is it strictly necessary? We have been in hold for the last fortnight…
It is not unheard of in leasehold conveyancing in Luton to discover Conveyancing in Luton in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats as opposed to the landlord insuring the whole building - which is definitely better. You should double check with your conveyancer but it would seem that your solicitor is seeking to verify that the whole building is insured. Insuring your residence is no help when it comes to rebuilding after a fire if the 1st floor cannot be rebuilt due to lack of insurance cover.