I opted for a South Petherton based solicitor for our conveyancing in South Petherton today. Looking through the official terms of business I noteI am responsible for costs even where the transaction does not complete. Would I be best advised to instruct a web based firm advertising no move no charge conveyancing in South Petherton?
Generally there is a concession along the lines that if "No Sale No Fee" is offered then the conveyancing charges will tend to be be uplifted to neutralise the conveyances that do not proceed. Dont forget that these arrangements generally do not cover expenditure such your South Petherton conveyancing search charges.
Our bank has recommended solicitors on their panel based in South Petherton but I would rather choose a conveyancing lawyer in South Petherton local to me. Can you assist?
The minority of South Petherton conveyancing practices are on all banks conveyancing panel. Use the above find an approved solicitor tool to locate a South Petherton conveyancing firm on the on the bank panel.
3 months have elapsed following my purchase conveyancing in South Petherton took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Am I best advised to appoint a South Petherton conveyancing solicitor who is local to the property I am hoping to buy? I have an old university friend who can perform the legal formalities however her office is 400kilometers drive away.
The benefit of a local South Petherton conveyancing practice is that you can pop in to execute paperwork, present your identification documents and pester them where appropriate. They will also have local insight which is a plus. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and on the whole were impressed that should outweigh using an unknown South Petherton conveyancing solicitor just because they are local.
I own a leasehold house in South Petherton. Conveyancing and TSB mortgage organised. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in South Petherton who previously acted has long since retired. What should I do?
The first thing you should do is contact the Land Registry to be sure that the individual claiming to own the freehold is indeed the new freeholder. You do not need to incur the fees of a South Petherton conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I invested in buying a split level flat in South Petherton, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in South Petherton with an extended lease are worth £197,000. The ground rent is £55 charged once a year. The lease comes to an end on 21st October 2079
With 55 years unexpired we estimate the price of your lease extension to be between £31,400 and £36,200 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.