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Car parking space - legal fees...??
Knollys
Posts: 22 Forumite
So we're looking to buy a car parking space outside our flat.
The lease paperwork is exactly 1 page long and makes complete sense but the freeholder's solicitor says I need a solicitor to register the space with the land registry and make the money transfer.
Now I've just got off the phone from 2 quotes of £600. The space is for £5k.
so Help please, i can't find any similar posts on here - does anybody know of a firm that will do this type of straight forward "conveyancing" for cheaper than 12% of the asking price?
The lease paperwork is exactly 1 page long and makes complete sense but the freeholder's solicitor says I need a solicitor to register the space with the land registry and make the money transfer.
Now I've just got off the phone from 2 quotes of £600. The space is for £5k.
so Help please, i can't find any similar posts on here - does anybody know of a firm that will do this type of straight forward "conveyancing" for cheaper than 12% of the asking price?
0
Comments
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You do NOT need a solicitor. Are you paying cash or getting a mortgage? If cash, get the necessary forms from the Land Registry, go in to the freeholder's solicitor (make an appointment!) and hand over a banker draft.
You may need to do an ID check.
You can call the Land Registry who will advise you which forms you need.0 -
Thanks for that -
the freeholder's solicitor has mentioned he'll only accept money from clients and so I'll mention that i want to sign up and then make the transfer.
you may've saved me a few bob:beer:0 -
1) I suspect he'll decline to take you on as a client himself - conflict of interest!Thanks for that -
the freeholder's solicitor has mentioned he'll only accept money from clients and so I'll mention that i want to sign up and then make the transfer.
you may've saved me a few bob:beer:
2) VERY strange statement. There is no requirement, either under conveyancing law, or money laundering, for a buyer not to represent himself. (ie not use a solicitor).0 -
The solicitor won't accept a banker's draft? A leaseholder has a legal relationship with the freeholder, can you pay them directly?Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
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The £600 is made up of a minimum fee of £250 to £350, and the remainder will reflect the paperwork and all the costs of local searches etc which no matter how small, they will still do.
Start here http://www.landregistry.gov.uk/professional/guides/practice-guide-25
http://www.landregistry.gov.uk/public/guidesvvvvvvvvvvvvvvv
Good luck, it takes time but its easy to do. Tell him you'll make the BD out to his client.Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0
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