My family solicitor has sent a quote for £1400 for no sale no fee conveyancing in Hartfield. I’m selling a modern house for £200,000. Are the quoted fees excessive? Is it in excess of the norm for conveyancing in Hartfield?
The estimate does seem marginally steep. Where you are content to invest time contrasting quotes you might trim some of the expense by perhaps a hundred pounds. On the other hand, you mightcome to rue opting for an a cheaper solicitor. Don't forget to enquire the firm can represent your lender. You can employ our comparison tool to select a Hartfield conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Hartfield.
My lawyer has discovered a a problem with the lease for the flat we are buying in Hartfield. The seller’s lawyers have suggested title insurance as a solution. We are happy with insurance and will pay for it. Our conveyancer has advised that he must be satisfied that the lender is willing to move forward with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
What does my ID and proof of funds have anything to do with my conveyancing in Hartfield? What am I being asked for?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identification documents of the potential client they are dealing with before they can accept their conveyancing business. The Terms of Engagement that you need to sign should stipulate this. Your lender will also require certain documents to be viewed. Should you refuse to provide ID verification documents, your solicitor would not be able to act for you.
I completed on my home on 14 February and my personal details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Hartfield expressed confidence that it would be concluded in less than a month. Are properties in Hartfield particularly slow to register?
There is nothing unique when it comes to conveyancing in Hartfield registration formalities. Rather than based on location, timescales can adjust according to who lodges the application, whether it is in order and if the Land registry have to notify any 3rd parties. As of today in the region of 80% of such applications are completed in less than three weeks but occasionally there can be extensive hold-ups. Registration occurs once the purchaser has moved in to the premises so an expedited registration is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your lawyers can communicate with the Registry to express the reasoning for the application to be prioritised.
I opted to have a survey completed on a property in Hartfield before instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some lenders tend refuse to issue a loan on a flying freehold property.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hartfield. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Hartfield. I have discover a site which appears to be the ideal offering If it is possible to get all formalities done via phone that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?