Just contacted my conveyancing solicitor in Toddington who acted for me two years ago and wanted a conveyancing costs illustration based on the same type of house sale & purchase (a leasehold residence and a freehold property) of similar values with a mortgage from Godiva Mortgages Ltd. I am now being quoted twice the amount. Am I right to be tempted to shop around for a cheaper online firm of conveyancing solicitor?
The estimate does seem a tad overpriced. If you are content to expend time contrasting prices you could get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, assuming were content with the legal work the firm provided you mightcome to rue choosing an a cheaper solicitor. If is important to be sure the firm can act for Godiva Mortgages Ltd. Do make use of our search tool to find a Toddington conveyancing firm on the Godiva Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Toddington.
The Toddington conveyancing firm handling our Toddington conveyancing has discovered a difference when comparing the information in the valuation survey and what is revealed within the legal papers for the property. My solicitor informs me that he is obliged to check that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
Your lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
We had appointed conveyancers locally in Toddington on the Santander solicitor approved list. They are now charging me a separate charge for dealing with the Santander mortgage. Is this an additional conveyancing fee specified by Santander?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your conveyancing practitioner may charge a fee for this. The charge is not dictated by Santander but by your Toddington conveyancing practitioner. Some firms on the Santander panel will levy an ‘acting for lender’ fee but some firms include it on their overall fee.
Can I be sure that the Toddington conveyancing solicitor on the TSB panel is any good?
When it comes to conveyancing in Toddington seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the solicitor carrying out your conveyancing.
Last month we had a mortgage agreed in principle with Lloyds. Toddington conveyancing solicitors were appointed. What is the average time that one could expect to receive a mortgage offer from Lloyds?
There is no definitive answer here. Have Lloyds done the valuation? Have you informed Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
2 months have elapsed since my purchase conveyancing in Toddington concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. 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.
How does conveyancing in Toddington differ for newly converted properties?
Most buyers of new build premises in Toddington contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Toddington typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Toddington or who has acted in the same development.
I'm remortgaging my current home to a buy to let loan with The Mortgage Works and intend to use the remaining equity as a deposit on another property. The area we are interested in is Toddington. Will your lawyers be able to act for the two lenders and link together the transactions?
Do use our search tool on this site to be sure that the lawyers are on the appropriate lender panels. Having checked that they are your conveyancer will be able to simultaneously deal with the two transactions but you should talk with you lawyer and communicate your desired outcome and requirements.