IfI were to buy a freehold housein Chipping Sodbury for cash and dispense with a survey and no local authority searches how much would I expect to have to pay for conveyancing in Chipping Sodbury?
The sole saving you would achieve is the Chipping Sodbury conveyancing searches. The conveyancer is required to do the vast majority of work - money laundering, liaising with the sellers lawyer, stamp duty submission, register the property etc. A slight saving might be made by not needing to register a mortgage but it will not be a lot.
is it true that all Chipping Sodbury conveyancing solicitors on the Co-operative conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Co-operative approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. The majority of banks do list licenced conveyancers on their panel and in that case the firms would be governed by the Council of Licensed Conveyancers.
We previously chose solicitors based in Chipping Sodbury on the Virgin Money solicitor panel. They have just billed me a separate amount for the legal aspects of the Virgin Money mortgage. Is this an additional conveyancing fee specified by Virgin Money?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your conveyancer is entitled to levy a fee for this. This charge is not dictated by Virgin Money but by your Chipping Sodbury solicitor. Some firms on the Virgin Money panel will quote ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.
I am due to exchange contracts on my apartment. I had a double glazing fitted in August 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, TSB are being pedantic. The Chipping Sodbury solicitor who is on the TSB conveyancing panel is recommending indemnity insurance as a solution but TSB are insisting on a building regulation certificate. Why do TSB have a conveyancing panel if they don't accept advice from them?
It is probably the case that TSB have referred the matter to their valuer. The reason why TSB may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Various online forums that I have frequented warn that are the number one reason for delay in Chipping Sodbury conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Chipping Sodbury.
4 months have elapsed since my purchase conveyancing in Chipping Sodbury took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Chipping Sodbury is where the house is located. What do you suggest?
Flying freeholds in Chipping Sodbury are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chipping Sodbury you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chipping Sodbury may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am looking to sell my home. My former conveyancers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Chipping Sodbury if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Chipping Sodbury. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.