My previous lawyer has given a fee estimate £1400 for fixed fee conveyancing in Raynes Park. I am selling a modern property for £275,000. This appears expensive. Is it in excess of what I should be paying for conveyancing in Raynes Park?
The estimate does seem a tad steep. Where you are willing to invest time scrutinising quotes you might decrease the fees marginally by as much as £100 plus VAT. On the other hand, you maylive to regret opting for an an unknown conveyancer. Don't forget to enquire that the firm can act for your mortgage company. Do use our search tool to find a Raynes Park conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Raynes Park.
Due to complete my purchase in Raynes Park next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor 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?
All property lawyers 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 instructions. These obligations are not specific to conveyancing in Raynes Park.
Are the BSA planning on creating a online directory to list firms on the Loughborough BS conveyancing panel for example in Raynes Park?
We are not aware of any intention on the part of the BSA to develop such a search facility.
I am assisting my sister sell her flat in Raynes Park. Will the conveyancer commission an EPC or it is for the seller to see to?
Following the demise of Home Packs, energy assessments was kept a compulsory part of moving house. An EPC must be to hand before the property is marketed. It is not a task that conveyancers ordinarily arrange. Where you are instructing a Raynes Park conveyancing practitioner they may be willing to arrange energy assessments due to their contacts with long established Raynes Park energy assessors
is it true that all Raynes Park solicitors on the Principality conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Principality approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do list licenced conveyancers on their panel in which case such firms would be overseen by the Council of Licensed Conveyancers.
I am currently in the process of buying my council flat in Raynes Park. I have a mortgage agreed with Nationwide. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
I decided to have a survey carried out on a house in Raynes Park prior to retaining lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies may not grant a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Raynes Park. Conveyancing may be slightly more expensive based on your lender's requirements.
I am purchasing a house and cash is in place. My solicitor has been handed with two distinct evidence of photographic ID, bank statement, endless utility bills. Now he wants a copy from a probate lawyer acknowledging that the funds are in order and that it has come from inheritance and not via illegitimate means.
In today’s world you will not be able to complete any Raynes Park conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Evidence of your source of funds is required under Money Laundering Regulations.