Our family lawyer has sent a quote for £995 for no move no fee conveyancing in Cookham. I am hoping to sell a Victorian property for £125,000. Are the quoted fees excessive? Is it above the norm for conveyancing in Cookham?
The estimate does seem marginally overpriced. If you shop around you could shave off some of the expense by say a hundred pounds. On the other hand, you mightlive to regret opting for an an unknown conveyancer. Don't forget to enquire that the solicitor can represent your bank. You can use our search tool to get a quote a Cookham conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Cookham.
My husband and I are buying a new build duplex in Cookham and my solicitor is advising me that she has to the mortgage company to disclose incentives from the developer. I am on a tight deadline to sign contracts and my preference is not to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am purchasing a terraced house in Cookham. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Cookham you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Cookham.
I had a mortgage agreed in principle with Nationwide. Cookham conveyancing practitioners are chosen. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide completed the survey? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I was told four weeks ago that my mortgage has been agreed to by HSBC. Is it usual for HSBC to only issue the offer once my solicitor in Cookham is approved on their conveyancing panel? HSBC have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for HSBC to deal with your lawyer's application to be on the HSBC conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have instructed a Cookham property lawyer having checked that they are on the Kent Reliance conveyancing panel. Does my lawyer arrange the survey of the property?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Cookham surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I require quick conveyancing in Cookham as I have a deadline to complete in less than 3 weeks. A home loan is not required. Is it possible to decline from having conveyancing searches to save fees and time?
As you are are a mortgage free buyer you have the choice not to have searches conducted although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Cookham the following are instances of what can show up and adversely impact future saleability: Enforcement Actions, Outstanding Fees, Outstanding Grants, Railway Schemes,...
I opted to have a survey carried out on a property in Cookham before appointing lawyers. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some lenders may refuse to give a loan on this type of premises.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cookham. Conveyancing will be smoother if you use a solicitor in Cookham especially if they are acquainted with such properties in Cookham.