Our family lawyer has given a fee estimate £1350 for freehold conveyancing in Maidenhead. I’m hoping to sell a modern house for £125,000. Is this overpriced? Is it above the norm for conveyancing in Maidenhead?
The charges are a bit high. Where you are happy to spend time contrasting quotes you could get the conveyancing a bit cheaper by as much as £125. That being said, you maycome to rue opting for an an unknown lawyer. Remember to enquire that the firm can represent your lender. You can employ our comparison tool to select a Maidenhead conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Maidenhead.
My partner and I are acquiring a newly built flat in Maidenhead and my conveyancer is advising me that she has to the lender to disclose incentives from the seller. I am under pressure to exchange and my preference is not to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your . A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Maidenhead. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to , pay off the mortgage. Is this possible?
If you intend to refinance then will require that you use a conveyancer on the conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the mortgage is registered as a charge at the Land Registry.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Maidenhead is the location of the property. Can you shed any light on this issue?
Flying freeholds in Maidenhead are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Maidenhead you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Maidenhead 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 premises.
Maidenhead Leasehold Conveyancing - A selection of Questions you should consider Prior to Purchasing
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Who is in charge of the building?
You should want to find out as much as possible regarding the managing agents as they will either make living at the property much simpler or much more difficult. Being a leasehold owner you are often at the mercy of the managing agents both financially and when it comes to daily issues such as the cleanliness of the communal areas. You should not be shy to ask other people what they think of their management. Finally, find out the dates that you are obliged pay the maintenance charge to the relevant party and specifically what it includes.
Most Maidenhead leasehold apartments will be liable to pay a service charge for the upkeep of the block levied on behalf of the landlord. Where you purchase the flat you will have to meet this liability, usually in instalments accross the year. This may differ from a few hundred pounds to thousands of pounds for blocks with lifts and large communal areas. There will also be a rentcharge for you to pay annual, this is usually not a large figure, say around £25-£75 but you should to check it because on occasion it could be prohibitively expensive.