I was referred a lawyer who has quoted £995 for freehold conveyancing in Eaton Bray. I am looking to sell a Edwardian detached home for £200,000. Are the quoted fees excessive? Is it above the average fee for conveyancing in Eaton Bray?
The estimate does seem marginally steep. Where you are happy to spend time scrutinising prices you could decrease the fees marginally by say £100 plus VAT. On the other hand, you couldcome to rue opting for an an unknown solicitor. If is important to be sure the firm can represent your lender. Do use our comparison tool to select a Eaton Bray conveyancing practice on the banks member panel which can often include conveyancing solicitors in Eaton Bray.
We are due to exchange on the purchase of a property in Eaton Bray but as a result of wreckage from some water damage at the property I have was able negotiate reparation from the seller in the sum of £3k by way of a deduction in the price. This was going to be addressed as part of the conveyancing process however Clydesdale are not allowing this. Why were they informed?
The lawyer that is on the Clydesdale approved list is duty bound to disclose to Clydesdale of any variations to the purchase price. If you prohibit your property lawyer to report the reduction to Clydesdale then they would have to discontinue acting for you. In addition, Clydesdale and you would have to appoint a new conveyancer for your conveyancing in Eaton Bray.
What is the first thing I need to know about purchase conveyancing in Eaton Bray?
You may not hear this from too many lawyers but conveyancing in Eaton Bray and elsewhere in Bedfordshire is often a confrontational experience. Put another way, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and others involved in the legal transfer of property. For example, the seller, property agent and sometimes a lender. Appointing a solicitor for your conveyancing in Eaton Bray is a critical decision as your conveyancer is your adviser, and is the ONE party in the legal process whose role it is to act in your legal interests and to protect you.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone must be at fault for the process being so protracted. You your first instinct should be to trust your conveyancer ahead of the other players in the conveyancing process.
My flat in Eaton Bray is up for sale and I have a purchaser. Will the property lawyer have to be on the Coventry BS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Coventry BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
Over the last few months I have been searching for a flat up to £235,500 and found one round the corner in Eaton Bray I like with open areas and railway links in the vicinity, the downside is that it only has 49 remaining years left on the lease. There is not much else in Eaton Bray in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage that many years will likely be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
How easy is it to change a solicitor as I need to find a Eaton Bray based firm who is on the lender conveyancing panel. Is it advisable to appoint a new law firm?
In the event that you have not formally instructed a conveyancer to do anything for you and at this stage simply received an estimate as to costs, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Eaton Bray that you're considering.