I am obtaining a mortgage offer from Lloyds. My intention is to instruct a Licensed Conveyancer in Pratt's Bottom. Does the Lloyds Conveyancing panel allow for Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
AssumingI was to acquire a freehold homein Pratt's Bottom mortgage fee and have no survey and no conveyancing searches how much would I expect to to save on my conveyancing in Pratt's Bottom?
The only reduction in fees you would achieve is the costs for searches. A lawyer is required to do the vast majority of work - money laundering, communicating with your vendors lawyer, stamp duty return, register the ownership etc. A slight saving might be made by not needing to register a mortgage however it will not be a lot.
When will exchange of contracts take place for residential conveyancing in Pratt's Bottom and am I required to attend the solicitors office?
If you are near to our conveyancing solicitors in Pratt's Bottom you are welcome to come in to sign contracts. That being said, the law practices we work with provide a nationwide conveyancing service and give just as diligent and professional a job for you when dealing with you by post or email. The executing of the contract is not the critical part. A signed contract simply enables the firm to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Pratt's Bottom)to be in the office at the appropriate time.
A friend advised me that if I am purchasing in Pratt's Bottom I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Pratt's Bottom conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Pratt's Bottom around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data about Pratt's Bottom.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Pratt's Bottom is the location of the property. Can you shed any light on this issue?
Flying freeholds in Pratt's Bottom are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Pratt's Bottom you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Pratt's Bottom may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My fiance is buying a shared ownership flat in Pratt's Bottom. He has received an estimate by the solicitor recommended by the estate agents totaling £1300 . It was eight years ago I sold and purchased a home and it cost was £450. Have fees really gone up that much?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Pratt's Bottom searches, land registry fees, etc)