I was recommended to a solicitor who has sent a quote for £1150 for no completion no fee conveyancing in Totnes. I’m looking to sell a Victorian detached home for £125,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Totnes?
The costs illustration is fractionally on the steep side. If you are happy to invest time comparing costs you may be able to get the conveyancing a bit cheaper by perhaps £125. That being said, you couldcome to rue opting for an an unknown solicitor. Remember to check the firm can also act for your lender. Do utilise our search tool to get a quote a Totnes conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in Totnes.
I require conveyancing for an apartment in a fairly new development (five years old) in Totnes. 95% of the appartments are already disposed of. Do I need carry out the conveyancing searches as part of conveyancing in Totnes?
You are opening yourself up to an unnecessary risk in refusing to carrying out Totnes conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal necessity to have them, but we would absolutely advise in no uncertain terms that you have them. If accelerating the process and cost are primary issues you should consider with your conveyancer about the viability of search insurance
The Totnes conveyancing lawyers that just started acting on my house acquisition in Totnes have without warning closed. I only went with them because I had to have a firm on the Principality conveyancing panel and my preferred Totnes lawyer was not. I wrote them a cheque for two hundred pounds in advance. What do I do now?
If you have an estate agent involved then inform them immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Principality conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
Should commercial conveyancing searches reveal planned roadworks that may impact a commercial premises in Totnes?
Many commercial conveyancing solicitors in Totnes will execute a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Totnes. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Totnes.
For each commercial conveyancing transaction in Totnes it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Totnes commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Totnes.
How does conveyancing in Totnes differ for newly converted properties?
Most buyers of new build property in Totnes 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 developers in Totnes tend to acquire the real estate, 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 accustomed to new build conveyancing in Totnes or who has acted in the same development.
I have been advised by various friends to expect six to eight weeks for Totnes conveyancing to complete.This was four weeks ago. The property information was only sent to my conveyancing practitioner last week so does the time start running now?
You should not bank on moving on a certain date until exchange of contracts occurs. Regardless of the promises the people you are buying from or selling to make, or your mortgage broker gives don't bank on them. More stress is caused to buyers and sellers by unfulfilled promises than any other issue when it comes to conveyancing in Totnes.