My previous lawyer has quoted £1350 for no sale no fee conveyancing in Yateley. I’m looking to sell a purpose built property for £175,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Yateley?

The estimate does seem a tad overpriced. Where you are prepared to expend time contrasting quotes you may be able to get the conveyancing a bit cheaper by say £125. That being said, you mightcome to rue opting for an an untested solicitor. If is important to enquire that the solicitor can act for your bank. You can utilise our search tool to get a quote a Yateley conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Yateley.

Is it realistic for conveyancing in Yateley to be concluded within 3 weeks?

First, If the seller is applying a tight deadline for your conveyancing it is advisable to make sure that your lawyer is familiar with the location as they will make use of local contacts and insight. It is even conceivable that they may have transacted previoushouses in the same road. Therefore consider using a Yateley conveyancing firm. Second, make sure that the lawyer is on the on the approved list for your mortgage company. It is claimed that nearly one in five of Yateley conveyancing transactions are suspended or jeopardised after finding out that a purchaser’s conveyancer was not on their mortgage lender’s member panel. This can often result in the legal transfer of property being frustrated by almost three weeks. It is said that this issue affects in the region of one hundred thousand home moves every year. Most Yateley conveyancing practices can not represent certain mortgage companies so do check as early as possible.

I'm buying a new build house in Yateley benefiting from help to buy. The sellers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not inform my lawyer about this deal as it would jeopardize my loan with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Is it simple use your search facility to locate a conveyancing solicitor in Yateley on the authorised to act for my lender?

First select a lender such as Lloyds TSB Bank, The Royal Bank of Scotland or TSB then type in your preferred area e.g. Yateley. Conveyancing organisations in Yateley and beyond should be identified.

I work for a reputable estate agency in Yateley where we see a few leasehold sales derailed as a result of short leases. I have been given inconsistent advice from local Yateley conveyancing solicitors. Please can you clarify whether the vendor of a flat can initiate the lease extension process for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

I bought a leasehold flat in Yateley, conveyancing was carried out April 2003. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Yateley with an extended lease are worth £181,000. The ground rent is £55 invoiced annually. The lease ceases on 21st October 2076

With only 50 years remaining on your lease we estimate the price of your lease extension to span between £31,400 and £36,200 plus professional fees.

The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.