I was recommended to a lawyer who has sent a quote for £1200 for leasehold conveyancing in Holywell. I am hoping to downsize from a newly refurbished house for £275,000. This seems overpriced. Is it in excess of the norm for conveyancing in Holywell?
The quote is slightly on the expensive side. If you are willing to expend time contrasting quotes you could decrease the fees marginally by say a hundred pounds. That being said, you maycome to rue opting for an an untested solicitor. Don't forget to ensure that the solicitor can act for your lender. You can employ our search tool to locate a Holywell conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Holywell.
We just had an offer accepted to purchase with Earl Shilton BS. We have called around locally yet am struggling to find a Holywell conveyancing firm on the Earl Shilton BS panel. Could you help?
Feel free to make use of the find a lender approved solicitor tool on this page. Pick the building society and type Holywell or your location and you will see numerous conveyancers located in Holywell or near you.
I am the sole recipient of my late grandmother’s estate with all property in now in my sole name, including the house in Holywell. The Holywell property was put into my name in December. I want to move. I do know about the Mortgage Lenders 6 month 'rule', which means that my property ownership will be regarded the same way as though I had purchased the house in December. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. Most banks would take a sensible view as this requirement is principally there to pick up on the purchase and immediately sell or the flipping of properties.
Is it the case that all Holywell solicitor practices on the Lloyds conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Lloyds approved list of solicitors they would need to be regulated by the SRA. Many banks do list licenced conveyancers on their panel and in that case the practice would be overseen by the Council of Licensed Conveyancers.
Virgin Money have agreed my home loan in principle, my bid on a property in Holywell has been agreed to, what happens next?
Your property agent will want to be advised as to your lawyer's details (ensure that the lawyers are on the bank’s panel). Telephone Virgin Money or the financial adviser and complete any appropriate paperwork. Virgin Money will sellect a valuer who will get in contact with the selling agent or vendor to arrange an appointment. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Virgin Money will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Holywell.
I have been on the look out for a flat up to £235,500 and found one near me in Holywell I like with a park and transport links nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Holywell suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
As co-executor for the will of my father I am disposing of a house in Monmouth but I am based in Holywell. My lawyer (based 200 kilometers awayneeds me to sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing solicitor in Holywell who can witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are Holywell based
Is it true that a Holywell conveyancing company taken to court by clients for not carrying out comprehensive conveyancing searches?
Our attention has not be brought to such a Holywell conveyancing claim but according to a recent report, clients purchasing a property in Cumbria successfully sued their conveyancer due to development plans to erect a wind farm failing to be identified in conveyancing searches.
If you are thinking of buying a home in Holywell It is critical that your property lawyer purchase all Holywell conveyancing searches necessary to ensure you have relevant and current information before purchasing a property.