The lawyer who assisted with my previous purchase has given a fee calculation of £1200 for no sale no fee conveyancing in South Molton. I am selling a modern property for £250,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in South Molton?
The quote is slightly on the steep side. If you are happy to invest time contrasting prices you could get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, you couldlive to rue choosing an an untested conveyancer. If is important to be sure the conveyancer can act for your lender. You can use our comparison tool to select a South Molton conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in South Molton.
About to place an offer on a leasehold property in South Molton. The estate agents say that it is normal for flats in South Molton to have less than 75 years left on the lease. I am expecting a mortgage with Tesco Bank. Is this going to be a problem if the lease has 72 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 8/11/2025 the requirements read as follows :
Will my lawyer be asking questions regarding flooding as part of the conveyancing in South Molton.
The risk of flooding is if increasing concern for conveyancers carrying out conveyancing in South Molton. There are those who acquire a house in South Molton, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not best placed to offer advice on flood risk, but there are a number of searches that can be carried out by the buyer or on a buyer’s behalf which can give them a better understanding of the risks in South Molton. The conventional set of property information forms given to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the seller to determine whether the premises has historically flooded. If flooding has previously occurred and is not disclosed by the vendor, then a purchaser may commence a claim for damages as a result of such an misleading response. A buyer’s solicitors may also commission an enviro report. This will disclose if there is any known flood risk. If so, more detailed inquiries will need to be carried out.
How does conveyancing in South Molton differ for newly converted properties?
Most buyers of new build premises in South Molton come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is completed. This is because developers in South Molton typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in South Molton or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. South Molton is the location of the property. Can you offer any guidance?
Flying freeholds in South Molton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside South Molton you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Molton may determine 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.
I am downsizing from my property. My past conveyancers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in South Molton if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in South Molton. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.