My fiance’s brother is a solicitor. I am hopeful that I'll be able to get mate’s rates for conveyancing, but if not, what level of figure should I be expecting for conveyancing in Torquay?
It’s advisable to look for 3 or more like-for-like conveyancing quotes. Do use our comparison tool on this site. The charges do be different but service levels do differ between solicitors as is the case with most professions.
At what point will exchange of contracts happen for residential conveyancing in Torquay and do I need to attend the lawyers office?
Where you are in close proximity to one of the conveyancing solicitors in Torquay you are invited in to sign documents. However, the firms we work with offer countrywide coverage for conveyancing and provide just as diligent and professional a job for you when communicating with you by post or email. The executing of the sale agreement is not when everything is set in stone. A signed contract is necessary for the firm to exchange contracts when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Torquay)to be in the office available at the end of the phone to exchange contracts.
I have been told by my solicitor that restrictive coveneant insurance is required on my purchase. What is the level of cover for Torquay conveyancing?
The appropriate level of restrictive coveneant indemnity insurance should be dictated by who your lender. It would differ for example between Birmingham Midshires and The Mortgage Works. Conveyancing lawyers as opposed to members of the public take out such policies.
Are all Torquay Conveyancing Quality Solicitors on the Leeds Building Society conveyancing list of approved firms?
It is true that some banks and building societies now make use of CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.
When it comes to mortgage companies such as Leeds Building Society, do Torquay property lawyers have to pay an annual charge to be on the list of approved solicitors?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I require expedited conveyancing in Torquay as I have an ultimatum to sign on the dotted line inside one month. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
As you are are a cash purchaser you are at free not to do searches although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Torquay the following are instances of issues that can appear and adversely affect future saleability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
I have todaybeen informed that Wolstenholmes have closed. They carried out my conveyancing in Torquay for a purchase of a freehold house 12 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The easiest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Torquay conveyancing specialists.
Our solicitor in Torquay has discovered a a legal deficiency with the lease for the apartment we are buying in Torquay. The other side have put forward defective title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor says that as he is on the mortgage company conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. A precondition to being on the mortgage company approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.