My previous solicitor has sent a quote for £995 for no completion no fee conveyancing in Weymouth. I am selling a Edwardian house for £150,000. Is this over the top? Is it above the norm for conveyancing in Weymouth?
The charges are a little high. If you are content to spend time scrutinising prices you could decrease the fees marginally by say a hundred pounds. That being said, you couldcome to regret choosing an an untested lawyer. If is important to enquire that the conveyancer can also act for your lender. Do use our comparison tool to select a Weymouth conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Weymouth.
I purchased a freehold house in Weymouth but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Weymouth and has limited impact for conveyancing in Weymouth 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 establishment of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
About to place a bid on a leasehold flat in Weymouth. The property agents say that it is standard for flats in Weymouth to have less than 75 years unexpired on the lease. I am taking out a mortgage with Tesco Bank. Is this going to be a problem if the lease has 70 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 12/12/2024 the requirements read as follows :
My wife and I have a 4 bedroom Victorian house in Weymouth. Conveyancing lawyer acted for me and National Westminster Bank. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Weymouth and other areas of 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 enquire as to the position with the conveyancing practitioner who conducted the work.
I opted to have a survey carried out on a house in Weymouth prior to instructing solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some banks will not grant a mortgage on this type of property.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Weymouth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Weymouth to see if the conveyancing will be more expensive.