I was recommended to a conveyancer who has given a fee calculation of £1700 for fixed fee conveyancing in Lynton. I’m selling a modern house for £250,000. Is this overpriced? Is it in excess of what I should be paying for conveyancing in Lynton?
The estimate does seem marginally steep. Where you are willing to expend time scrutinising fee on a like for like basis you might reduce the fees slightly by say a hundred pounds. On the other hand, you maylive to rue choosing an an untested lawyer. If is important to check the firm can also act for your mortgage company. Do employ our comparison tool to choose a Lynton conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Lynton.
Due to complete my purchase in Lynton next Monday. My lawyer now wants me to supply her with evidence of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the bank. What risks does the bank expect the insurance to cover?
Any lawyer on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These requirements are not limited to conveyancing in Lynton.
I have recentlydiscovered that Arc property Solicitors have been shut down. They conducted my conveyancing in Lynton for a purchase of a freehold house 18 months ago. How can I check that my home is in my name in the name of the former proprietor?
The quickest method to check if the property is in your name, you can make 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 Lynton conveyancing specialists.
I'm buying my first flat in Lynton with a mortgage from The Royal Bank of Scotland. The sellers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not reveal to my solicitor about the side-deal as it could jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the encouragement of my in-laws I had a survey completed on a house in Lynton prior to instructing lawyers. I have been informed that there is a flying freehold element to the house. My surveyor has said that some banks tend not issue a mortgage on a flying freehold home.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. If you contact us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Lynton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Lynton to see if the conveyancing costs will increase in light of this.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Lynton. I have land on a site which appears to be the perfect offering If it is possible to get all the legals completed via phone that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?