I am not well enough to travel far from Thurmaston. Please spell out why all Thurmaston conveyancing practitioners are not on all mortgage company panels?
As inequitable as it may appear for mortgage companies to limit who can represent them, from the public’s or lawyer’s viewpoint, the flip side is that mortgage companies are increasingly anxious and feel it essential to shield themselves against mortgage fraud. As a result of this concern lenders have consolidated their panel of approved conveyancing lawyers to a manageable size.
There is lots of information on this site regarding conveyancing in Thurmaston but can you isolate your top tip for choosing the right conveyancer in Thurmaston
Do not opt for the lowest Thurmaston conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
We previously selected conveyancing lawyers locally in Thurmaston on the Nottingham solicitor panel. They have just billed me a separate sum for handling the Nottingham mortgage. Is this an additional conveyancing fee specified by Nottingham?
As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your lawyer may charge a fee for this. This fee is not dictated by Nottingham but by your Thurmaston lawyer. Some firms on the Nottingham panel will quote an ‘acting for lender’ fee but some practices include it on their overall fee.
I have decided to exercise my right to buy my property in Thurmaston off the council. I have a mortgage agreed with Coventry BS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use 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 Coventry BS, you will need to appoint a solicitor on the Coventry BS conveyancing panel.
I own a semi-detached Georgian property in Thurmaston. Conveyancing practitioner represented me and TSB. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold under the matching address. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Thurmaston and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing solicitor who conducted the purchase.
I decided to have a survey completed on a property in Thurmaston before instructing lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some banks will not give a mortgage on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you e-mail us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Thurmaston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Thurmaston to see if the conveyancing costs will increase in light of this.
What are your top tips when it comes to finding a Thurmaston conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Thurmaston conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with two or three firms including non Thurmaston conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be useful:
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If they are not ALEP accredited then why not? What are the costs for lease extension conveyancing?
Leasehold Conveyancing in Thurmaston - A selection of Questions you should consider before Purchasing
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Who is in charge of the building? Are there any major works on the horizon that could increase the service charges? How much is the annual service fee and ground rent?
I see that you have a post code search directory listing law firms on the lender conveyancing panel. Do Thurmaston conveyancing companies pay you a commission if I instruct them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Thurmaston.