The solicitor who dealt with my last purchase has given a fee estimate £995 for no sale no fee conveyancing in Reigate. I’m looking to sell a modern property for £200,000. Is this over the top? Is it above what I should be paying for conveyancing in Reigate?
The estimate does seem marginally steep. If you shop around you might trim some of the cost by perhaps a hundred pounds. On the other hand, you mightcome to rue opting for an a cheaper conveyancer. Don't forget to enquire that the conveyancer can act for your lender. Do make use of our comparison tool to select a Reigate conveyancing company on the banks member panel which can often include conveyancing solicitors in Reigate.
We are getting the release of further monies on our home loan from Virgin Money as we wish to conduct renovations to our home in Reigate. Are we obliged to appoint a local Reigate solicitor on the Virgin Money conveyancing panel to handle the paperwork?
Virgin Money do not ordinarily appoint a member of their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money list.
I am selling my flat. I had a double glazing fitted in August 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Nottingham are being pedantic. The Reigate solicitor who is on the Nottingham conveyancing panel is recommending indemnity insurance as a solution but Nottingham are requiring a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I was told two weeks ago that my mortgage has been agreed to by Virgin Money. Is it usual for Virgin Money to only issue the offer once my solicitor in Reigate is approved on their conveyancing panel? Virgin Money have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
Should my lawyer be asking questions concerning flooding as part of the conveyancing in Reigate.
The risk of flooding is if increasing concern for lawyers dealing with homes in Reigate. Some people will buy a property in Reigate, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to offer advice on flood risk, but there are a number of checks that can be initiated by the purchaser or by their lawyers which will give them a better understanding of the risks in Reigate. The standard information supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the seller to discover if the property has suffered from flooding. In the event that flooding has previously occurred and is not revealed by the vendor, then a buyer could commence a compensation claim resulting from an inaccurate answer. A purchaser’s lawyers should also order an environmental report. This will reveal whether there is any known flood risk. If so, additional inquiries should be made.
It has been 3 months since my purchase conveyancing in Reigate concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
My husband and I are FTB’s - agreed a price, but the selling agent advised that the owners will only issue a contract if we appoint the agent's recommended conveyancers as they want a ‘quick sale’. My instinct tells me that we should use a high street solicitor accustomed to conveyancing in Reigate
We suspect that the seller is not behind this requirement. Should the seller desire ‘a quick sale', taking such a hostile approach to a serious buyer is counter productive. Avoid the agents and go straight to the sellers and make sure they understand (a)you are serious buyers (b)you are ready to go, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)however you will continue to use your preferred Reigate conveyancing lawyers - as opposed tothe ones that will provide their estate agent a kickback or hit his conveyancing thresholds set by corporate headquarters.
Back In 2009, I bought a leasehold house in Reigate. Conveyancing and HSBC Bank mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Reigate who previously acted has now retired. Any advice?
First make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is indeed the new freeholder. It is not necessary to incur the fees of a Reigate conveyancing practitioner to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Reigate Conveyancing for Leasehold Flats - Examples of Queries before buying
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How much is the service charge and ground rent on the flat? Best to be warned whether redecorating or some other significant cost is due in the near future that will be shared amongst the tenants and could well dramatically increase the the maintenance costs or necessitate a one time payment. How many of the leaseholders are in arrears for their service charge payments?