Buying a freehold garage solicitors fees

steve_jones

Hi,


Im recently in discussions about buying a freehold garage off my neighbour. Has anyone got any ideas on how much the legal fees should be around for this? So far Ive got one quote which came in at £746, off that £10 was land registry search, £36 telegraphic transfer fee and £40 Land Registry fee, so £660 for there fees. Seems a bit expensive to me for a garage, has anyone else bought a garage if so what fees did you pay.

G_M

The conveyancing work for a garage is not really that different to the conveyancing involved for a house.

So it will seem expensive if using a solicitor.

But how complicated is it?

* it's freehold?
* any mortgage involved -either current or new?
* is the freehold title registered?
* is the registered title soley for the garage, or is it part of the neighbours title for their home, and therefore being split off?


Depending on the answers, it may be a simple matter to transfer the title yourselves.

steve_jones

G_M wrote: »

The conveyancing work for a garage is not really that different to the conveyancing involved for a house.

So it will seem expensive if using a solicitor.

But how complicated is it?

* it's freehold?
* any mortgage involved -either current or new?
* is the freehold title registered?
* is the registered title soley for the garage, or is it part of the neighbours title for their home, and therefore being split off?


Depending on the answers, it may be a simple matter to transfer the title yourselves.

Hi,


Thank you for replying.


Yes garage is freehold, it does not require anything with my mortgage as I am buying it cash from savings. The freehold is registered but the garage is registered to my neighbours property so will need to be taken off there's and put on mine. It will also require right off way removing.

SmashedAvacado

Basically what you have told us is that it will be more complicated that a standard purchase, as a right of way needs to be removed. The transaction will take the form of a transfer of part. Presumably your neighbour has lender consent for this, otherwise, they will have an issue. As you live next door, you could possibly ask the solicitor to take a view on enquiries and searches as you are already on site, and there will be very little that you will learn from these that you dont know already (if anything at all). That ought to get you down by a few hundred.

steve_jones

SmashedAvacado wrote: »

Basically what you have told us is that it will be more complicated that a standard purchase, as a right of way needs to be removed. The transaction will take the form of a transfer of part. Presumably your neighbour has lender consent for this, otherwise, they will have an issue. As you live next door, you could possibly ask the solicitor to take a view on enquiries and searches as you are already on site, and there will be very little that you will learn from these that you dont know already (if anything at all). That ought to get you down by a few hundred.

Thank you for the reply. I dont know what lender consent is but he does not have an outstanding mortgage on his property. I already have the enquires from less then 3 years ago so Im not concerned about these, I also can't see them having an effect on purchasing a garage.

G_M

If he has no mortgage then his lender's consent is not required.


But a Transfer of Part is more complex than a Transfer of Whole. A new Title must be created (or the garage merged into your Title - with your lender's consent!). A new Plan drawn for the Title. The Right os Way must be written in.
Plus the garage must be removed from the neighbour's Title, and Plan as well as the ROW


You need a solicitor, but could opt out of searches. Shop around.