My previous solicitor has quoted £1150 for fixed fee conveyancing in Hilsea. I am looking to sell a Victorian house for £275,000. Are these estimated fees excessive? Is it above the average fee for conveyancing in Hilsea?
The estimate does seem marginally overpriced. If you shop around you could get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, you couldcome to rue choosing an a cheaper conveyancer. If is important to be sure the solicitor can also act for your bank. You can utilise our comparison tool to locate a Hilsea conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Hilsea.
My wife and I intend to remortgage our apartment in Hilsea with Virgin Money. We have a son 19 who lives with us. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the apartment is repossessed. I have a couple of concerns (1) Is this document specific to the Virgin Money conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?
First, rest assured that your Virgin Money conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Virgin Money. This is solely used to protect Virgin Money if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Virgin Money had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Can you explain why leasehold purchase conveyancing in Hilsea is more expensive?
In short, leasehold conveyancing in Hilsea and Hampshire usually requires more due diligence compared to freehold conveyancing. This includes checking the lease terms, corresponding with the landlord about serving applicable notices, securing current service charge and management information, procuring the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The solicitors who conducted the conveyancing in Hilsea 5 years ago no longer exist. What are my next steps?
You no longer need to hold title deeds to evidence that you are the owner of your registered land or premises, as the Land Registry hold details of all registered land or property electronically.
What tools are available to identify a Hilsea law firm on the The Mortgage Works conveyancing panel? I have a car and am happy to travel upto 10kilometers to meet the conveyancer.
You can use the tool on this page. Please pick a bank and your location and you will see a number of Hilsea conveyancing lawyers located nearest you. We have listed some Hilsea conveyancing firms at the bottom of this page and you can call them to verify whether they are on the The Mortgage Works approved list
Me and my partner are purchasing a four bedroom apartmentin Hilsea with a residential mortgage from a mortgage company. We wish to instruct our lawyer in Hilsea yet our lender says she’s not on their "panel". Apparently we need to choose one of the our mortgage company panel firms or stay with our Hilsea solicitor and incur the extra costs for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that our mortgage company use our Hilsea lawyer?
No, not really. The bank mortgage offered to you is subject to conditions, one of which will be that lawyers will on the mortgage company's conveyancing panel. in the past, most lenders had large numbers of law firms on their panels, including many conveyancing solicitors in Hilsea : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for your mortgage company.