I was referred a conveyancer who has quoted £1350 for fixed fee conveyancing in Blagdon. I am looking to sell a Edwardian detached home for £125,000. Are these estimated fees excessive? Is it in excess of the norm for conveyancing in Blagdon?
The quote is slightly on the steep side. If you shop around you may be able to decrease the fees slightly by perhaps £100 plus VAT. That being said, you mightcome to regret choosing an an untested conveyancer. Don't forget to check the conveyancer can also act for your lender. Do utilise our search tool to choose a Blagdon conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Blagdon.
We were going to get a AIP from Kent Reliance this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Kent Reliance recommend any Blagdon solicitors on the Kent Reliance conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Blagdon solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
I have paid off my mortgage with TSB. I assume I don't need a Blagdon lawyer on the TSB panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
TSB have agreed my mortgage in principle, my bid on a house in Blagdon has been accepted, what are the next steps?
The estate agent will want to be advised as to your conveyancer's details (be sure the property lawyers are on the lender’s approved list). Call up TSB or your broker and complete any relevant paperwork. TSB will instruct a valuer who will get in touch with the selling agent or owners to schedule a slot for the valuation to occur. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. TSB will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Blagdon.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Blagdon is where the house is located. What do you suggest?
Flying freeholds in Blagdon are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Blagdon you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Blagdon may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I own a leasehold flat in Blagdon. Conveyancing and Bank of Ireland mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1995. The conveyancing practitioner in Blagdon who previously acted has now retired. What should I do?
The first thing you should do is contact HMLR to make sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to instruct a Blagdon conveyancing practitioner to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I bought a 1st floor flat in Blagdon, conveyancing formalities finalised 9 years ago. Can you work out an approximate cost of a lease extension? Similar flats in Blagdon with an extended lease are worth £211,000. The ground rent is £50 levied per year. The lease finishes on 21st October 2094
With only 68 years unexpired the likely cost is going to be between £9,500 and £11,000 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
Why am I unable to complete my conveyancing in Blagdon on May bank holiday?
Because on completion the money needs to be transferred electronically between the banks of the purchaser and seller's lawyer and currently this can only take place on a working day. It is not possible to complete on a weekend either.