The solicitor who helped my last purchase has sent a quote for £1700 for freehold conveyancing in Wapping. I am selling a newly refurbished house for £250,000. Are these estimated fees excessive? Is it above the average fee for conveyancing in Wapping?
The costs illustration is fractionally on the high side. If you shop around you might trim some of the expense by as much as £100 plus VAT. That being said, you maylive to regret choosing an an untested solicitor. If is important to be sure that the solicitor can also act for your mortgage company. Do make use of our search tool to find a Wapping conveyancing practice on the banks conveyancing panel which can often include conveyancing solicitors in Wapping.
My wife and I are only a couple days away from an exchange on a property in Wapping and my mum and dad have sent the 10% deposit to my property lawyer. I am now told that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification to my bank. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I advised the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The property lawyer is legally required to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I need some quick conveyancing in Wapping as I have a deadline to sign on the dotted line in less than 3 weeks. Thankfully I do not need a mortgage. Can I avoid the conveyancing searches to save money and time?
If.Given you are not getting a mortgage you are at free not to do searches although no solicitor would recommend that you don't. With plenty of history conveyancing in Wapping the following are instances of issues that can be revealed and adversely impact future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
3 months have gone by since my purchase conveyancing in Wapping took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 premises 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.
Due to the advice of my in-laws I had a survey completed on a house in Wapping prior to retaining solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor has said that some lenders tend not issue a mortgage on such a premises.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wapping. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wapping to see if the conveyancing will be more expensive.
I am using a search engine for the words on line conveyancing in Wapping it reveals many solicitorsin the vicinity. How do I determine which is the suitable solicitor for the sale of my house?
The ideal way of seeking the right conveyancer is via trusted recommendation, so seek the guidance of colleagues and family who have bought a property in Wapping or a reputable estate agent or mortgage broker. Charges for conveyancing in Wapping vary, so it's advisable to request at least four estimates from varying types of conveyancers. Dont forget to clarify what costs in the quote includes.