The lawyer who dealt with my previous purchase has given a fee estimate just over a thousand pound for leasehold conveyancing in Blyth. I’m looking to sell a Georgian house for £125,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Blyth?
The estimate does seem marginally steep. If you are happy to expend time comparing fee on a like for like basis you might decrease the fees slightly by say £125. That being said, you couldcome to rue choosing an an untested solicitor. Remember to be sure the conveyancer can represent your bank. You can utilise our search tool to locate a Blyth conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Blyth.
When reading moneysavingexpert.com for a recommended lawyer in Blyth, many post that I must look for a CQS kitemarked lawyer. What is CQS?
Blyth Conveyancing Quality Scheme practices have been granted certification by the law Society CQS was brought about to promote high standards in the in the legal transfer of properties. CQS helps home movers to recognise practices that provide a quality residential conveyancing. Blyth is one of the many areas in England and Wales in which CQS have a presence. The conveyancing scheme obliges law firms to undergo a strict assessment, compulsory training, self-certification, spot checks and yearly assessments in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Council of Mortgage Lenders.
Is it the case that all Blyth solicitor firms on the Coventry BS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Coventry BS approved list of solicitors they would need to be overseen by the SRA. Some banks do allow licenced conveyancers on their panel in which case such practice would be governed by the CLC.
We previously selected solicitors based in Blyth on the Coventry BS solicitor panel. They are now charging me a supplemental charge for handling the Coventry BS mortgage. Is this a supplemental conveyancing fee specified by Coventry BS?
As unfair as it may appear, as long as it’s in their Terms and Conditions or estimate then yes your conveyancer can charge a fee for this. This fee is not dictated by Coventry BS but by your Blyth conveyancer. Some firms on the Coventry BS panel will quote ’dealing with mortgage’ fee and others do not.
My sealed bid on a detached house in Blyth has been accepted, but there is a chain. The owners have put an offer on somewhere, however it’s not yet agreed to, and have viewings of other flats in the pipeline. I have selected a bricks and mortar conveyancing solicitor in Blyth. What should be my next step? When should I get the mortgage application with Yorkshire BS going?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is in the region of £1k, then survey, Blyth conveyancing search charges, etc). First, you should ensure that your conveyancing practitioner is on the Yorkshire BS approved list. Regarding the subsequent stages this very much dictated by the circumstances of your case, motivation for this property and on the state of the market. During a rising market many purchasers would apply for the mortgage with Yorkshire BS and arrange for the valuation and only if it was satisfactory would they pay their conveyancer to proceed with the conveyancing in Blyth.
I'm purchasing a new build house in Blyth with a mortgage from Alliance & Leicester . The developers refused to budge the price so I negotiated £7000 of additionals instead. The estate agent suggested that I not inform my lawyer about this deal as it could adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
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 opted to have a survey carried out on a property in Blyth prior to retaining solicitors. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some banks will not grant a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Blyth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Blyth to see if the conveyancing will be more expensive.
I purchased a property in Blyth last 13/11/2024 and to date it is still not registered with the Land Registry. It is part of a new estate and my property lawyer told me that it may take one year to register. I have contacted the Land Registry directly and they say that the initial application was cancelled due to questions not being addressed in time. What can I do?
It is your property lawyer that you really need to turn to here in order to satisfy any questions which have been raised as part of the registration process for your Blyth property. Normal Blyth conveyancing practice includes an undertaking on the part of the previous owner’s property lawyer that they will help resolve any requirements raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.