My previous solicitor has given a fee estimate £1200 for leasehold conveyancing in Farnham. I’m selling a purpose built property for £300,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Farnham?
The costs illustration is fractionally on the expensive side. If you shop around you might shave off some of the expense by as much as £125. That being said, you couldcome to regret choosing an an unknown solicitor. Remember to be sure the conveyancer can also act for your bank. Do employ our comparison tool to find a Farnham conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Farnham.
What does my ID and proof of funds have anything to do with my conveyancing in Farnham? Why is this being asked of me?
Farnham conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement no older than three months).
Confirmation of the origin of monies is also required in compliance with the money laundering laws as solicitors are mandated to ensure that the monies you are utilising to buy a property (be it the exchange deposit or the total purchase monies if you are buying mortgage free) has come from an acceptable source (such as an inheritance) and is not the product of criminal behaviour.
My brother-in-law has suggested I instruct a conveyancing solicitor in Farnham. I I am struggling to find out whether they are accepted on the The Royal Bank of Scotland conveyancing panel. Could you help?
The first thing to do is phone your lawyer and enquire if they can act for the bank. Alternatively you can call The Royal Bank of Scotland who may be able to help.
Is it necessary to pay for insurance to address the risk of chancel repairs when buying a house in Farnham?
Unless a prior purchase of the property took place after 12 October 2013 you could assume that solicitors carrying out conveyancing in Farnham to continue to advocate a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly identified as part of conveyancing in Farnham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Farnham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Farnham differ for newly converted properties?
Most buyers of new build property in Farnham come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in Farnham tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Farnham or who has acted in the same development.