The solicitor who assisted with my last purchase has sent a quote for £1150 for freehold conveyancing in Hedge End. I’m hoping to sell a newly refurbished house for £125,000. Are the quoted fees excessive? Is it above the norm for conveyancing in Hedge End?
The estimate does seem marginally overpriced. If you shop around you might shave off some of the cost by as much as a hundred pounds. On the other hand, you couldcome to rue choosing an an unknown conveyancer. Don't forget to enquire that the solicitor can represent your mortgage company. Do employ our comparison tool to select a Hedge End conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Hedge End.
My husband and I are only a couple days away from an exchange on a house in Hedge End and my parents have transferred the 10% deposit to my conveyancing practitioner. I am now informed that as the deposit has not come from me my lawyer needs to make a notification to my bank. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I advised the lender about my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
Your solicitor is duty bound to clarify with lender to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who dealt with the conveyancing in Hedge End 10 years ago no longer exist. What are my options?
Gone are the days when you need to hold title official documentation to establish that you own the land or property, as the Land Registry hold details of all registered land or property electronically.
I'm purchasing a new build house in Hedge End benefiting from help to buy. The builders would not budge the amount so I negotiated £7000 of extras instead. The estate agent suggested that I not to tell my conveyancer about this extras as it could affect my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Hedge End is where the house is located. Is there any advice you can impart?
Flying freeholds in Hedge End are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Hedge End you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hedge End may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Am I right to be wary that brokers that I am dealing with are recommending an internet conveyancing firm rather than a local Hedge End conveyancing practice?
As with lots of professional services, often recommendations from connections can be extremely useful or valuable. Yet there are lots of players in a conveyancing matter; estate agents, financial adviser and lenders may recommend solicitors to select. On occasion these solicitors might be known to one of the organisations as being good in their field, but sometimes there behind the scenes commercial relationship behind the endorsement. You have the discretion to appoint your own conveyancer. You need to be aware that many banks operate an approved list of law firms you must use for the lender related work in your conveyancing.