My family solicitor has quoted £1400 for no move no fee conveyancing in Longford. I am selling a purpose built property for £125,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in Longford?
The charges are a bit high. If you shop around you could trim some of the cost by as much as £125. On the other hand, you maylive to regret choosing an an unknown solicitor. Don't forget to enquire that the firm can also act for your mortgage company. Do make use of our comparison tool to get a quote a Longford conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Longford.
My Longford lawyer has uncovered a discrepancy between the information in the valuation survey and what is revealed within the conveyancing documents. My solicitor has advised that he is obliged to check that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s stance legitimate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am the registered owner of a freehold premises in Longford yet charged rent, why is this and what is this?
It’s unusual for properties in Longford and has limited impact for conveyancing in Longford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I have justfound out that Wolstenholmes have closed. They carried out my conveyancing in Longford for a purchase of a leasehold flat 18 months ago. How can I establish that the property is in my name in the name of the previous owner?
The quickest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Longford conveyancing specialists.
I decided to have a survey done on a house in Longford before retaining lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some banks will not grant a loan on this type of house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Longford. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I be suspicious about 3rd parties that I am dealing with are encouraging me to use a nationwide conveyancing firm rather than a High Street Longford conveyancing firm?
As is the case with many professional services, often referrals from family and friends can be extremely useful or valuable. Nevertheless there are lots of players in a conveyancing matter; estate agents, mortgage brokers and mortgage companies might all put forward lawyers to select. On occasion the conveyancers 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 are at liberty to choose your preferred conveyancer. You need to be aware that some banks operate an approved list of solicitors you have to use for the lender aspect of your conveyancing.