Just been in touch with my conveyancing solicitor in Yate who completed the legal work two years ago and wanted a conveyancing estimate based on the same type of house move (a leasehold property and a freehold property) of almost identical values with a home loan from Accord Mortgages Ltd. I am now being quoted twice the amount. Am I right to be tempted to shop around for an alternative firm of conveyancing solicitor?
The quote is fractionally on the high side. If you shop around you may be able to reduce the fees slightly by perhaps £125. That being said, providing that you were satisfied with the legal work the firm gave you maylive to regret choosing an a cheaper conveyancer. Don't forget to enquire the conveyancer can also act for Accord Mortgages Ltd. Do employ our search tool to locate a Yate conveyancing firm on the Accord Mortgages Ltd member panel, which can often include conveyancing solicitors in Yate.
Are the BSA intent on creating a search tool with a view to list law firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Yate?
We would not expect to be advised of any intention on the part of the BSA to develop such a search facility.
I have been told that property searches are the primary reason for hinderance in Yate house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Yate.
How does conveyancing in Yate differ for newly converted properties?
Most buyers of new build or newly converted property in Yate approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is ready to move into. This is because builders in Yate typically acquire 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 accustomed to new build conveyancing in Yate or who has acted in the same development.
I decided to have a survey carried out on a house in Yate before retaining solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies will refuse to give a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different instructions from Halifax. Should you wish to call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Yate. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I better off to go with a Yate conveyancing practitioner in close proximity to the house I am buying? We have a good friend who can handle the legal work however his firm is located approximately 350miles away.
The benefit of a local Yate conveyancing practice is that you can visit the firm to execute documents, hand in your identification documents and apply pressure on them where appropriate. Having local Yate know how is a bonus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and in the main were content that should surpass using an unknown Yate conveyancing lawyer solely due to them being round the corner.