We opted for a high street solicitor for our conveyancing in Highcliffe last week. Looking through the official terms of business I notewe are liable for fees even where the transaction does not complete. Would I be best advised to use an internet conveyancing brokerage who offer no-sale-no-fee conveyancing in Highcliffe?
It is usually ‘give and take’ in that if "No Completion No Fee" is offered then the fee levels will tend to be be more expensive to counteract the transactions that abort. Dont forget that these offerings tend not to cover expenditure such as Highcliffe conveyancing search charges.
Can conveyancing in Highcliffe to be finalised within 3 weeks?
In the event that the seller is applying pressure to exchange it is highly recommended that your conveyancer is familiar with the area as they will make use of local connections and knowledge. It is even conceivable that they could have transacted otherproperties in the same street. You would be best advised to use a Highcliffe conveyancing lawyer. Second, ensure that the lawyer is on the on the approved list for your mortgage company. It is claimed that 18% of Highcliffe conveyancing transactions are frustrated or derailed after discovering a buyer’s conveyancer was not on their mortgage lender’s panel. In many cases this discovery resulted in the legal transfer of property being delayed by an average of 21 days. It is estimated that this issue impacts in the region of 100,000 home sales annually. Many Highcliffe conveyancing firms can not represent certain mortgage companies so do check as early as possible.
Having sold my house in Highcliffe last August yet the purchaser is whats apping me to moan that their solicitor is waiting to hear from mine. What should have happened now that I have sold?
Following your house sale your solicitor should deliver the transfer documentation and all additional paperwork to the buyer’s solicitors. If applicable, your solicitor must also send confirmation that the mortgage has been redeemed to the buyers lawyers. There are no post completion steps unique to conveyancing in Highcliffe.
About to place an offer on a leasehold property in Highcliffe. The selling agents tell me that it is normal for flats in Highcliffe to have less than 75 years left on the lease. I am getting a mortgage with Tesco Bank. Is this going to be a problem if the lease has Seventy One years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 9/3/2023 the requirements read as follows :
three months have gone by following my purchase conveyancing in Highcliffe concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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 property 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.
My wife and I have recently appointed a conveyancing solicitor in Highcliffe. I need to find out if they are on the bank's conveyancing panel. Could you advise?
It’s a good idea call the solicitor and ask them if they are on the bank's approved list. Alternatively please call us and we can investigate and revert. Should the firm not be on the bank panel we we can help find a specialist conveyancing solicitor in Highcliffe on the panel for your mortgage company.