I was recommended to a solicitor who has quoted £995 for no sale no fee conveyancing in Arundel. I am selling a Victorian property for £275,000. This seems expensive. Is it in excess of what I should be paying for conveyancing in Arundel?
The quote is fractionally on the steep side. If you are prepared to spend time scrutinising fee on a like for like basis you might get the conveyancing a bit cheaper by say £100 plus VAT. That being said, you couldlive to regret opting for an a cheaper conveyancer. Don't forget to enquire the conveyancer can represent your bank. You can make use of our comparison tool to get a quote a Arundel conveyancing practice on the banks member panel which can often include conveyancing solicitors in Arundel.
I just bought a property at auction in Arundel. Conveyancing is needed. What is next?
Having for all intents and purposes signed on the dotted line you must choose a conveyancing solicitor quickly as you now have a fast approaching a fixed date to complete the transaction. All auction property should have an associated legal pack. This will likely include most,if not all of the documents that your conveyancer will need. Where you are dealing with leasehold property the legal papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You need to give this to the conveyancer working for you as soon as possible. You also need to ensure that that you have the requisite funding organised to complete on the date specified in the contract.
is it true that all Arundel solicitors on the Principality conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Principality approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. The majority of mortgage companies do list licenced conveyancers on their panel and in that case the practice would be governed by the Council of Licensed Conveyancers.
I currently have a mortgage with Lloyds for my property in Arundel. Conveyancing was finalised months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Lloyds?
You must advise Lloyds in advance of letting out your property as this is likely to be a breach of Lloyds’s mortgage conditions. It may be that Lloyds will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Lloyds directly. You need not do this via a Lloyds conveyancing panel firm.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Arundel is the location of the property. Can you shed any light on this issue?
Flying freeholds in Arundel are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Arundel 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 Arundel may ascertain 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 premises.
I have been advised by a number of property agents in Arundel to locate a solicitor on your site. Is there a financial incentive for Estate Agents to offer your lawyers ahead of alternative conveyancing organisations?
We refuse to make any commission for pointing buyers and sellers our way. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I need to find a conveyancing solicitor for remortgage conveyancing in Arundel. I happened to chance upon a site which looks to be the perfect solution If it is possible to get all the legals completed via email that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Myself and my wife have recently had an offer agreed on a apartment and had meeting on Monday with Leeds Building Society for the mortgage. They have informed me that when it comes to selecting a conveyancing practitioner that if they are not on their approved panel of solicitors then we will be subject to an an additional fee of about two hundred pounds. This is because they would then have to select a conveyancer to act for them in addition to the one we appoint on our behalf and we will be on the hook for their fees. I have asked Leeds Building Society to furnish me with a list so I can request quotes only from their approved conveyancers but was told they dont have such a list to hand over. What would be the best way of going about this?
You should ask Leeds Building Society what their panel criteria is for a conveyancer.Then ask the property lawyer of your choice whether they fit that criteria and have they acted on loans for Leeds Building Society in the past. Where the answer to those is yes, then just double check with Leeds Building Society. Another option is to use our search tool and we may be able to identify a conveyancing practitioner in Arundel on the approved list for Leeds Building Society.