Me and my partner are buying a flat in Eye. I might seem paranoid but how we can trust a solicitor? On completion day we will need to send funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We had instructed conveyancing lawyers based in Eye on the Nationwide solicitor approved list. They have just billed me a supplemental charge for the legal aspects of the Nationwide mortgage. Is this an additional conveyancing fee specified by Nationwide?
Unfortunately, so long as it is in their Terms of Engagement or estimate then yes your solicitor is entitled to charge a fee for this. This fee is not set by Nationwide but by your Eye solicitor. Some firms on the Nationwide panel will levy ’dealing with mortgage’ fee but some practices include it on their overall fee.
I am currently in the process of buying my council flat in Eye. I have a mortgage agreed with RBS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
It has been five months since my purchase conveyancing in Eye concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build apartment in Eye. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Eye
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are surveyor prepared. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Due to the input of my in-laws I had a survey completed on a property in Eye in advance of appointing solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies may refuse to grant a loan on such a premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Eye. Conveyancing will be smoother if you use a solicitor in Eye especially if they are acquainted with such properties in Eye.
My business partner and I are intending to take an assignment of a lease of a shop on a shopping parade. Can you recommend solicitors offering fixed charges for commercial conveyancing in Eye for less than £2000?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Eye, including the sale and purchase of businesses as well as simply property. Whether you are looking to buy or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right lawyer. As for the costs these will vary based on the structure and nuances of the deal. Let us have your contact information or email us so that we may supply you with a detailed commercial conveyancing calculation.
What are the compelling benefits to selecting a high street solicitor in Eye
A significant proportion of house movers in Eye select a local conveyancing practitioner so that they can visit just in case they have problems, and to sign paperwork without using the post.
There is a distinct benefit when opting for a lawyer nearby to the house you are purchasing, due to the knowledge of the region and possible local concerns - however this is debatable. Most conveyancers are now via the internet and could be anywhere in the world.