My previous lawyer has sent a quote for just over a thousand pound for leasehold conveyancing in Wolverton. I am hoping to sell a modern detached home for £125,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Wolverton?
The charges are a bit high. If you are content to expend time scrutinising prices you might trim some of the cost by as much as £125. That being said, you mightlive to rue opting for an an untested lawyer. Don't forget to be sure that the solicitor can also act for your lender. You can utilise our search tool to select a Wolverton conveyancing company on the banks member panel which can often include conveyancing solicitors in Wolverton.
Two weeks ago we had a mortgage agreed in principle with Kent Reliance. Wolverton conveyancing solicitors are selected. What is the average time that one could expect to receive a mortgage offer from Kent Reliance?
There is no definitive answer here. Have Kent Reliance conducted the survey? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I can not work out if my mortgage offer requires a lease extension. I have called into my local Wolverton bank branch on a couple of occasions and was informed it wasn't a problem and they would lend. My Wolverton conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Provided that the property lawyer is on the mortgage company panel, she or he must follow the Council of Mortgage Lenders’ Handbook specifications for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I've digested plenty of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Wolverton solicitor - who is on the Lloyds conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Lloyds will need an independent valuation of the property. Your lawyer will not arrange this. Usually Lloyds will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Wolverton postcode. As you are getting a mortgage with Lloyds, you could contact them to see if they have a list of approved surveyors in Wolverton.
My wife and I are planning on selling our home in Wolverton and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. Any local lawyer would know that there is no such problem. For the life of me I don't know why the purchasers instructed an online conveyancing outfit as opposed to a conveyancing solicitor in Wolverton. Having lived in Wolverton for six years we know that this is a non issue. Should we get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You should check with 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 illness)
I am buying a new build house in Wolverton with the aid of help to buy. The builders refused to move on the price so I negotiated 6k of fixtures and fittings instead. The estate agent told me not inform my lawyer about the deal as it may impact my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
As co-executor for the will of my aunt I am disposing of a house in Monmouth but reside in Wolverton. My solicitor (approximately 260 kilometers awayhas requested that I execute a stat dec ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Wolverton who can attest and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are located in Wolverton
What do I do if I am not happy with the property lawyer who carried out my conveyancing in Wolverton?
Occasionally the level of service you receive is not as you expect, and is is a fact of life that occasionally things do go wrong. Nevertheless there is recourse if you were unhappy with your conveyancing in Wolverton. This varies from trying to resolve matters directly with them, through to reporting a conveyancing practitioner to their regulator. If things still aren’t resolved you may consider getting in touch with the Legal Ombudsman.