Having been recommended your organisation we were going to go ahead with a conveyancing solicitor in Thatcham listed using your search tool but stumbled across some other fee calculations via the web appear less pricey – why is this?
You can find many firms of websites advertising self styled cut-price conveyancing, unfortunately it’s common in such cases for extracharges result in the closing invoice totally different to the one you expected. Conveyancers are obliged to make sure that charges outlined in terms of engagement should be equitable and be applied The law firms that we put forward for conveyancing in Thatcham genuinely set out all legal fees for a domestic conveyancing transaction.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Thatcham. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 22/2/2021, the requirements read as follows :
Are all Thatcham Conveyancing Quality Solicitors on the UBS conveyancing panel?
Some major banks and building societies now make use of CQS as the kick off point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
We were going to get a DIP from RBS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do RBS recommend any Thatcham solicitors on the RBS conveyancing panel, or is it better to go independently?
You will need to appoint Thatcham solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
I am currently in the process of buying my council flat in Thatcham. I have a mortgage agreed with Virgin Money. Conveyancing is new to me. 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 Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Thatcham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Thatcham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Thatcham differ for new build properties?
Most buyers of new build premises in Thatcham approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Thatcham tend to acquire the site, 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 conveyancers 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 accustomed to new build conveyancing in Thatcham or who has acted in the same development.
Am I best advised to instruct a Thatcham conveyancing lawyer based in the vicinity that I am buying? We have a good friend who can carry out the legal formalities however his firm is located a couple of hundredkilometers drive away.
The benefit of a high street Thatcham conveyancing firm is that you can drop in to execute documents, deliver your identification documents and apply pressure on them where appropriate. Having local Thatcham know how is a bonus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and in the main were impressed that should surpass using an unfamiliar Thatcham conveyancing lawyer solely due to them being Thatcham based.