The lawyer who dealt with my last purchase has quoted £1200 for no completion no fee conveyancing in Woodstock. I am selling a purpose built house for £175,000. Are these estimated fees excessive? Is it in excess of the norm for conveyancing in Woodstock?
The costs illustration is slightly on the high side. If you are happy to spend time scrutinising costs you may be able to reduce the fees marginally by perhaps a hundred pounds. That being said, you maylive to rue choosing an a cheaper conveyancer. Remember to check that the solicitor can represent your lender. Do use our comparison tool to choose a Woodstock conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in Woodstock.
In what way does my ID and proof of funds have anything to do with my conveyancing in Woodstock? Is this really warranted?
In order to comply with Money Laundering Regulations any Woodstock conveyancing firm will require proof of identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility account showing where you live.
Under Money Laundering Regulations, conveyancers are obliged by law to investigate not just the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this will lead to your lawyer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to make a disclosure to the relevant authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
I used Stirling Law a few years past for my conveyancing in Woodstock. I now require my file however the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Woodstock of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Woodstock differ for new build properties?
Most buyers of new build property in Woodstock come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is constructed. This is because house builders in Woodstock typically purchase the land, 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 used to new build conveyancing in Woodstock or who has acted in the same development.
I opted to have a survey done on a property in Woodstock in advance of retaining lawyers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders will not issue a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Woodstock. Conveyancing will be smoother if you use a solicitor in Woodstock especially if they are accustomed to such properties in Woodstock.
What does commercial conveyancing in Woodstock cover?
Woodstock conveyancing for business premises incorporates a broad range of services, supplied by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.