My previous solicitor has sent a quote for £1200 for no sale no fee conveyancing in Southwater. I’m looking to sell a modern property for £150,000. Are the quoted fees excessive? Is it above the average fee for conveyancing in Southwater?
The estimate does seem marginally steep. If you are content to spend time scrutinising costs you might get the conveyancing a bit cheaper by say a hundred pounds. That being said, you mightlive to rue choosing an a cheaper conveyancer. Don't forget to check the firm can act for your bank. You can utilise our search tool to get a quote a Southwater conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in Southwater.
My property lawyer in Southwater is not listed on the The Mortgage Works Conveyancing Panel. Is it possible for me to retain my family solicitor notwithstanding that they are not on the The Mortgage Works list of approved lawyers?
Your options are as follows:
- Carry on with your existing Southwater solicitors but The Mortgage Works will need to retain a lawyer on their list of acceptable firms. This will inevitably rack up the overall conveyancing fees and cause delays.
- Find a new lawyer to to deal with the purchase, obviously checking they are The Mortgage Works approved.
- Persuade your The Mortgage Works based solicitor to attempt to join the The Mortgage Works panel
We are due to move home in June. Will my conveyancing solicitor communicate with the removal company on the completion day. As an aside, can you recommend a removal company in Southwater. Conveyancing firm was organised prior to coming across this site.
On the afternoon of completion you will need to pick up the house keys from the estate agent but this should only be done after the previous owners conveyancers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be given over. After that you should tell the removal company that you are ready to move in. We are not in a position to suggest a specific removal organisation but can help you locate a residential property solicitor in Southwater or a lawyer with expertise in conveyancing in Southwater.
Is it the case that all Southwater conveyancing solicitors on the Virgin Money conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Virgin Money conveyancing panel they would need to be governed by the SRA. Many banks do permit licenced conveyancers on their panel and in such a situation the practice would be governed by the CLC.
About to purchase house in Southwater. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Southwater conveyancer is on the Virgin Money conveyancing panel.
My partner and I are selling our property in Southwater and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Southwater lawyer would know this is not the case. For the life of me I don't know why the purchasers are using a web based conveyancing practice as opposed to a conveyancing solicitor in Southwater. Having lived in Southwater for three years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain confirmation need.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I'm purchasing my first flat in Southwater with a mortgage from Leeds Building Society. The developers refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The property agent told me not to tell my solicitor about this deal as it would affect my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Southwater is the location of the property. Can you offer any assistance?
Flying freeholds in Southwater are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Southwater you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Southwater 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.