When researching moneysavingexpert.com for a high-quality solicitor in Harleston, most say that I should look for a CQS kitemarked solicitor. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in home moving process, trusted by some of the UK's biggest banks. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). The scheme does not cover licenced conveyancers. Harleston is one of the numerous areas in England and Wales where there are CQS solicitors.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Harleston is the location of the property. Can you offer any guidance?
Flying freeholds in Harleston are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Harleston you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Harleston may determine 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 have been recommended by a few selling agents in Harleston to select a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to promote your services rather than another?
We don’t give any referral fee for sending work our way. We thought it would be too underhand a fee because a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I acquired a garden flat in Harleston, conveyancing was carried out 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Harleston with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease comes to an end on 21st October 50
You have 50 years unexpired we estimate the price of your lease extension to be between £36,100 and £41,800 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.
As a tenant I am on the hook for a maintenance fee for my flat in Harleston. Due to losing my job and personal issues I slipped behind with remittance. The managing agents agreed a clearance schedule but there remains about £1750 remaining in arrears.
I want to sell and I am concerned this may hold me back if I have to pay off the arrears now. Do I have to settle before - is this viable?
You should clarify with the dealing with your Harleston conveyancing but one option may be to agree for the debt to be transferred to the purchasers. The sale price due would be adjusted to reflect the amount of debt they take on. They would then pay the arrears once they are the owners.