My best friend’s uncle is a conveyancer. I expect that I can be offered preferential pricing for conveyancing, However if that does not come through, what level of fees should I be expecting for conveyancing in Burwell?
Do compare pricing. Make use of our search tool on this site. You will notice that prices will vary but service levels do are distinct between solicitors as is true with most professions.
IfI was to purchase a freehold propertyin Burwell for cash and dispense with a survey and no conveyancing searches how much could I expect to have to pay for conveyancing in Burwell?
The sole saving you would achieve is the costs for searches. The lawyer still be obliged to do everything else - money laundering, liaising with the sellers conveyancing practitioner, stamp duty submission, register the property etc. You might save a bit for them not needing to register a mortgage but it will not be significant.
I am thinking of remortgaging my property in Burwell, does my lawyer need to be on the Principality Solicitor panel?
There is nothing to stop you using your solicitor, but Principality will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am purchasing my first flat in Burwell with a loan from Skipton Building Society. The sellers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The property agent advised me not reveal to my solicitor about this deal as it may affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I have been advised by a few selling agents in Burwell to locate a property lawyer on your site. What’s the financial incentive for Estate Agents to offer your services over and above a competitor’s?
We refuse to offer any financial incentive for directing people to this site. We thought it would be too underhand to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
We yesterday discovered that one of the partners of the conveyancing practice acting on the purchase conveyancing in Burwell is related to the seller. Is this allowed?
On the basis that there is no conflict of interest this is allowable. If you are obtaining mortgage finance then the lender may have a say as many lenders have specific requirements on this. For example for RBS- First Active as of 29/4/2024, the requirements read as follows :