Our family solicitor has given a fee estimate £1700 for leasehold conveyancing in Romsey. I’m hoping to sell a newly refurbished detached home for £300,000. This sounds over the top. Is it above the norm for conveyancing in Romsey?
The charges are a little high. If you are happy to invest time comparing fee on a like for like basis you could get the conveyancing a bit cheaper by say £125. That being said, you mightcome to rue opting for an an unknown conveyancer. If is important to be sure that the conveyancer can also act for your lender. Do employ our comparison tool to get a quote a Romsey conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Romsey.
What is the best way to check that the solicitor conducting my conveyancing in Romsey is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Clydesdale thus spending £192.00 in another set of legal fees.
Feel free to make the most of the search tool on this page. Pick the mortgage company and type ‘Romsey’ or your location and you will be presented with a number of lawyer based in Romsey or by proximity to you.
I have paid off my mortgage with Aldermore. I assume I don't need a Romsey conveyancer on the Aldermore panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Aldermore mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Aldermore mortgage from the register. Aldermore, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Aldermore has sent the Land Registry the discharge electronically, and
- Aldermore has instructed the Land Registry to do so
I can not fathom if my mortgage offer requires a lease extension. I have called into my local Romsey bank branch on numerous occasions and was told it does not impact the mortgage offer and they will lend. My Romsey conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend in accordance with their specific requirements. Who do I believe?
Your conveyancing practitioner has to follow the Council of Mortgage Lenders’ Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
My offer was accepted on a property in Romsey on 24/6/2022, valuation was booked 3 days later, all came back fine. Conveyancer appointed, so all that was missing was my mortgage offer. Having made daily calls to UBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the UBS conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am purchasing a new build house in Romsey with a loan from Godiva Mortgages Ltd. The sellers would not budge the price so I negotiated 6k of extras instead. The sale representative told me not to tell my solicitor about the extras as it will put at risk my loan with Godiva Mortgages Ltd. Should I keep quiet?.
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.
I need to instruct a conveyancing solicitor for freehold conveyancing in Romsey. I have chance upon a web site which appears to be the perfect answer If there is a chance to get all the legals completed via web that would be preferable. Do I need to 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?
Is there a difference between surveying and conveyancing in Romsey?
Conveyancing - in Romsey or elsewhere - is the process of legally transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are purchasing and will help you find out about the condition of the building and, if there are problems, give you leverage for reducing the price down or asking the seller to fix the defects prior to you complete your move.