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Selling ex council flat.
Not my sale personally but mainly dealing with it. Leasehold flat in Outer London approx £250k
What kind of price for a Conveyancing would be reasonable?
Who applies for the pre-assignment information from the council?
Thanks
Comments
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HillStreetBlues said
Who applies for the pre-assignment information from the council?
Typically, in England and Wales it works like this…
- Once an offer is accepted - both seller and buyer instruct their own solicitor
- The seller's solicitor requests a management pack form the freeholder (in this case the council), and passes the pack to the buyer's solicitor. (I guess this is what you mean by 'pre-assignment information')
- (The council will charge a fee for providing this info - maybe £150 to £250 - the seller is usually expected to pay this.)
- The seller's solicitor will also ask the seller to fill in forms to provide information about the flat - these forms will also be passed to the buyer's solicitor
An estate agent is also supposed to ask the seller questions about the lease before putting it on the market - like years left on the lease, ground rent, current service charge, etc - to include in the adverts.
Some prospective buyers might also ask the seller questions about the lease before making an offer - for example, rules about parking, sub-letting, keeping pets, etc
2 -
Agree with above.
We paid £3k all in for our conveyancer 2 years ago but we sold and bought. A sale only should be under £1k, give or take, maybe a bit more as it's leasehold.
1 -
This is the quote by the firm that was used buying flat from council 20 years ago.
Let's Be Careful Out There0 -
We bought and sold in March of this year and that is within the same ball park as our sales fees were.
1 -
Thanks all.
I expect could get the conveyancing cheaper, but might as well use someone we had dealings with ( Cunningtons) I believe didn't have any issues with.
Let's Be Careful Out There0 -
Cunningtons were very good the last time we sold 2.5 years ago.
1 -
Thanks.
Will go with them.
Flat on market for a week, one viewing with offer and has been accepted.
Let's Be Careful Out There1
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