I was recommended to a conveyancer who has sent a quote for £1400 for no completion no fee conveyancing in Horfield. I am selling a Victorian house for £175,000. Is this expensive? Is it above the norm for conveyancing in Horfield?
The charges are a little high. If you are willing to expend time scrutinising costs you could trim some of the cost by say £125. On the other hand, you mightcome to regret choosing an an untested conveyancer. Remember to enquire that the firm can act for your lender. Do use our comparison tool to choose a Horfield conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Horfield.
My lawyer has uncovered a a problem with the lease for the apartment we are purchasing in Horfield. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor says that he must ensure that the mortgage company is happy with this solution. Who is the client here, us or the lender?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. These conveyancing instructions have to be complied with.
I am considering refinancing my flat in Horfield, does my lawyer have to be on the Kent Reliance Conveyancing panel?
There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Should our lawyer be raising questions concerning flooding during the conveyancing in Horfield.
Flooding is a growing risk for solicitors conducting conveyancing in Horfield. Plenty of people will acquire a house in Horfield, completely aware that at some time, it may suffer from flooding. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Solicitors are not best placed to impart advice on flood risk, but there are a various searches that can be carried out by the buyer or on a buyer’s behalf which will figure out the risks in Horfield. The conventional set of property information forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a standard question of the seller to determine whether the property has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the owner, then a buyer may issue a legal claim for losses resulting from an misleading response. A buyer’s conveyancers will also carry out an environmental search. This should disclose if there is any known flood risk. If so, additional investigations will need to be initiated.
I decided to have a survey completed on a house in Horfield before instructing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some banks will not grant a mortgage on this type of premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Horfield. Conveyancing will be smoother if you use a solicitor in Horfield especially if they are acquainted with such properties in Horfield.
I require the services of a lender panel solicitor in Horfield. Can you assist?
It is not clear why you need a Horfield panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Horfield are on their panel . If you do find such a firm in Horfield not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site