Our family solicitor has given a fee calculation of £1400 for freehold conveyancing in Broadstairs. I am selling a modern detached home for £275,000. Is this overpriced? Is it above the average fee for conveyancing in Broadstairs?
The estimate does seem a tad overpriced. If you shop around you might shave off some of the expense by perhaps £125. That being said, you mightcome to regret opting for an a cheaper lawyer. If is important to ensure that the conveyancer can also act for your mortgage company. Do utilise our search tool to choose a Broadstairs conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Broadstairs.
What does my ID and proof of funds have anything to do with my conveyancing in Broadstairs? What am I being asked for?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Broadstairs. However these days you will not be able to proceed with any conveyancing transaction if you have not supplying proof of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Please note that if you are supplying your driving licence as proof of ID it needs to be both the paper element as well as the photo card part, one is not acceptable in the absence of the other.
Evidence of the source of money is necessary under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer must retain this information on file. Your Broadstairs conveyancing solicitor will require evidence of proof of funds prior to accepting any monies from you into their client account and they may also ask additional queries concerning the source of funds.
Should our solicitor be raising questions concerning flooding during the conveyancing in Broadstairs.
Flooding is a growing risk for solicitors conducting conveyancing in Broadstairs. There are those who purchase a house in Broadstairs, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, but there are a number of searches that can be initiated by the purchaser or on a buyer’s behalf which can figure out the risks in Broadstairs. The standard completed inquiry forms supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the owner to determine whether the premises has suffered from flooding. If flooding has previously occurred which is not notified by the seller, then a purchaser could bring a claim for damages as a result of such an incorrect response. The buyer’s conveyancers may also carry out an environmental search. This will reveal whether there is any known flood risk. If so, additional inquiries will need to be conducted.
I bought my house on 7 November and my personal details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Broadstairs expressed confidence that it would be registered in less than a month. Are titles in Broadstairs particularly slow to register?
There is nothing unique about conveyancing in Broadstairs registration formalities. As opposed to being determined by geographic area, timeframes can differ according to who lodges the application, whether there are errors and if the Land registry must send notices to any other persons or bodies. Currently roughly three quarters of submission are fully addressed in less than three weeks but occasionally there can be longer hold-ups. Registration is effected after the new owner has moved in to the premises thus an expedited registration is not always top priority but where it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for an expedited registration.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Broadstairs is where the house is located. Can you offer any opinion?
Flying freeholds in Broadstairs 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 Broadstairs you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Broadstairs may decide 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 residence.
I'm converting the mortgage on my existing home to a buy to let mortgage with The Royal Bank of Scotland and intend to use the remaining equity as a down payment on a second house. The location we are talking about is Broadstairs. Will your conveyancers be able to act for the two lenders and tie in the conveyances?
Make use of our comparison tool on this page to be sure that the conveyancers are on the relevant lender panels. Having checked that they are your lawyer should be able to tie up the two deals but you should talk with you solicitor and communicate your expectations and requirements.