The solicitor who assisted with my former purchase has sent a quote for just over a thousand pound for leasehold conveyancing in Penley.I am looking to sell a newly refurbished house for 300,000 + 25k increments. Are these conveyancing fees excessive. Is it above the average fee for conveyancing in Penley?
The estimate does seem marginally steep.If you shop around you may be able to decrease the fees marginally by as much as £100 plus VAT. That being said, you couldcome to regret opting for an a cheaper conveyancer. If is important to check that the firm can act for your bank.You can make use of our comparison tool to find a Penley conveyancing company on the banks member panel which can often include conveyancing solicitors in Penley.
I moved into my flat on 14 August and my personal details is yet to be registered. Any reason for this? My conveyancing solicitor in Penley advises it should be formalised in less than a month. Are properties in Penley particularly slow to register?
There is nothing unique when it comes to conveyancing in Penley registration formalities. Rather than based on location, timescales can differ according to who lodges the application, whether there are errors and whether the Land registry have to notify any interested parties. Currently approximately 80% of such applications are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Registration is effected once the buyer is living at the premises so 'speed' is not typically an essential issue yet if it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for an expedited registration.
I opted to have a survey done on a house in Penley in advance of appointing lawyers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders will not grant a mortgage on such a premises.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. If you call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Penley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Penley to see if the conveyancing will be more expensive.