Our family lawyer has sent a quote for £1150 for leasehold conveyancing in Coulsdon. I’m hoping to downsize from a newly refurbished property for £250,000. This seems too much. Is it in excess of the average fee for conveyancing in Coulsdon?
The estimate does seem marginally overpriced. If you shop around you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, you couldlive to regret opting for an an unknown conveyancer. Don't forget to enquire the conveyancer can also act for your mortgage company. Do use our search tool to locate a Coulsdon conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Coulsdon.
I require conveyancing for an apartment in a relatively new development (6 years built) in Coulsdon. The vast majority the flats are already sold. Do I need carry out the conveyancing searches for my conveyancing in Coulsdon?
If you are purchasing a property with the assistance of a mortgage, your lender will require some (many) of the searches so you'll have no choice. If not, then Coulsdon conveyancing searches are for you to decide upon. No doubt your conveyancer, will ’encourage’, perhaps strongly, that you should have the searches done, but he or she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you insist that your lawyer to proceed without searches then your lawyer will have to follow your instructions or it may be necessary to find a new lawyer for your conveyancing in Coulsdon.
I have a decision in principle. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would much rather use a Coulsdon based conveyancing firm?
You should check but the the probability is that appoint one of their panel conveyancers where you take up the "fee-free" incentive. Speak to the mortgage company and see if they allow a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Coulsdon.
I moved into my house on 5 August and the transaction details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Coulsdon expressed confidence that it will be dealt with in less than a month. Are titles in Coulsdon particularly slow to register?
As far as conveyancing in Coulsdon registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether there are errors and if the Land registry communicate with any interested parties. As of today approximately 80% of such applications are fully addressed within 12 days but some can be subject to extensive delays. Historically registration is effected after the new owner has moved in to the premises thus an expedited registration is not typically top priority yet if it is urgent that the the registration takes place urgently then you or your lawyers must speak with the land registry and explain the circumstances.
I'm purchasing a new build house in Coulsdon with the aid of help to buy. The sellers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not disclose to my lawyer about this deal as it could adversely affect my mortgage with Birmingham Midshires. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the input of my in-laws I had a survey completed on a house in Coulsdon ahead of retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies will not issue a mortgage on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further 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 Coulsdon. Conveyancing will be smoother if you use a solicitor in Coulsdon especially if they are accustomed to such properties in Coulsdon.