My family lawyer has given a fee calculation of £1700 for leasehold conveyancing in Harbury. I’m hoping to sell a Victorian property for £125,000. Are the quoted fees excessive? Is it in excess of the average fee for conveyancing in Harbury?
The charges are a bit high. If you are happy to spend time scrutinising costs you could get the conveyancing a bit cheaper by say a hundred pounds. That being said, you maycome to regret choosing an an untested solicitor. Don't forget to be sure that the conveyancer can also act for your mortgage company. Do make use of our search tool to find a Harbury conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in Harbury.
Some advice if I may. My Harbury lawyer is informing me me that he is legally obliged toorder Harbury conveyancing searches stemming from the fact thatthe firm are on the Lloydsconveyancing panel. Is my lawyer right?
You have limited options available to you. As you are obtaining a mortgage with a bank your solicitor has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the CML Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Harbury conveyancing searches.
My wife and I have recently appointed a conveyancing solicitor in Harbury. I need to find out whether they are accepted on the Yorkshire Building Society approved list of lawyers. Can you advise?
The first thing to do is e-mail the conveyancer and ask them whether they can act for the lender. Otherwise please get in touch with Yorkshire Building Society who may be able to assist.
Over the last few months I have been searching for a flat up to £245,000 and found one round the corner in Harbury I like with amenity areas and station in the vicinity, however it only has 52 years unexpired on the lease. I can't really find anything else in Harbury in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
What does commercial conveyancing in Harbury cover?
Commercial conveyancing in Harbury incorporates a wide array of services, given by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.