Having been suggested to visit your company we were going to use a conveyancing solicitor in Fowey recommended on your site but have come across some other estimates on the internet seem cheaper – why is this?
There are plenty of firms advertising so-called cut-price conveyancing, but additionalfees end up with the completion fee markedly uplifted. Conveyancers are obliged to make sure that charges outlined in terms of engagement should be fair and reasonable and be applied The law firms that we put forward for conveyancing in Fowey genuinely set out all costs for the property you intend tobuy.
Do conveyancers request an advanced payment for conveyancing in Fowey?
Where you are retaining lawyers for conveyancing in Fowey your lawyer will ask you place them with monies to cover the the cost of the conveyancing searches. Ordinarily this is asked for to cover the fees of the conveyancing searches. When the down payment is as part of the purchase price then this should be asked for shortly before contracts are exchanged. The closing balance that is due should be transferred shortly before completion.
Two weeks ago we had a mortgage agreed in principle with Principality. Fowey conveyancing solicitors have been selected. How long does it take for Principality to forward the offer to the solicitor?
Some lenders take longer than others. Have Principality conducted the valuation? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am currently in the process of buying my council flat in Fowey. I have a mortgage offer 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 use 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.
I have a mortgage with Skipton for my property in Fowey. Conveyancing was finalised months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Skipton?
Skipton must be informed of your intention in advance of letting out your property as this is likely to be a breach of Skipton’s mortgage conditions. It may be that Skipton will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Skipton directly. You need not do this via a Skipton conveyancing panel lawyer.
Are there restrictive covenants that are commonly picked up during conveyancing in Fowey?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Fowey. 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 do I identify a Fowey law firm on the Clydesdale conveyancing panel? I am a keen cyclist and am prepared to travel upto 20miles to meet the conveyancer.
You can use the search on this website. Please select a mortgage company and your location and you will see a number of Fowey conveyancing lawyers based on proximity. We have detailed some Fowey conveyancing firms at the bottom of this page and you can telephone them to verify if they are on the Clydesdale member panel
I am an executor of my recently deceased mum’s Will, with a house in Fowey which will be sold. The house has never been registered at HMLR and I'm told that many EAs will insist that it is in place before they'll move forward. What's the procedure for this?
In the situation that you have set out it seems advisable to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.