My previous lawyer has sent a quote for £1400 for leasehold conveyancing in North Yorkshire. I’m looking to sell a purpose built detached home for £250,000. This seems overpriced. Is it in excess of what I should be paying for conveyancing in North Yorkshire?
The estimate does seem marginally steep. If you shop around you may be able to get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, you mightlive to rue choosing an a cheaper solicitor. Don't forget to enquire that the solicitor can represent your lender. You can use our search tool to choose a North Yorkshire conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in North Yorkshire.
All was ready to complete my purchase in North Yorkshire next Monday. My lawyer now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the lender. What does the insurance need to cover?
Any lawyer on acting for mortgage companies 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 UK Finance Lenders’ Handbook requirements. These requirements are not unique to conveyancing in North Yorkshire.
Can I use your services to find a Conveyancing solicitor in North Yorkshire even if I’m not buying or selling a house, for example where I wish to acquire a shop in North Yorkshire with a mortgage from Alliance & Leicester ?
The service is mainly used to get a quote from domestic conveyancing solicitors in North Yorkshire but we have recorded at the end of this page a few North Yorkshire commercial conveyancing firms. You should enquire with the company directly to establish if they can also act for Alliance & Leicester
My lawyer in North Yorkshire has never been on on the Nottingham Building Society Solicitor Panel. Can I still use my prefered solicitor notwithstanding that they are not on the Nottingham Building Society list of approved lawyers?
The limited options open to you here include:
- Carry on with your preferred North Yorkshire solicitors but Nottingham Building Society will need to instruct a conveyancer on their panel. This will result in additional total conveyancing charges and result in frustration.
- Find a new practitioner to act in the purchase, not forgetting to check they are Nottingham Building Society approved.
- Try to convince your Nottingham Building Society based solicitor to attempt to join the Nottingham Building Society panel
Are all North Yorkshire Conveyancing Quality Solicitors on the Barclays conveyancing panel?
A selection of banks and building societies now make use of CQS as the kick off point for Panel membership such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
We had instructed conveyancers based in North Yorkshire on the UBS solicitor approved list. They are now charging me a further fee for the legal aspects of the UBS mortgage. Is this a supplemental conveyancing fee set by UBS?
Provided it is contained in their Terms and Conditions or Quote then yes your conveyancing practitioner may charge a fee for this. The charge is not dictated by UBS but by your North Yorkshire property lawyer. Plenty of firms on the UBS panel will quote ’dealing with mortgage’ fee but plenty of practices include it on their overall fee.
The mortgage over my property is with Kent Reliance for my property in North Yorkshire. Conveyancing has been completed some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
Your original mortgage agreement with Kent Reliance will provide that you need their approval prior to letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel lawyer.
Are there restrictive covenants that are commonly picked up as part of conveyancing in North Yorkshire?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in North Yorkshire. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’