I was referred a conveyancer who has quoted £1400 for freehold conveyancing in Aintree. I am looking to sell a Edwardian house for £125,000. Is this over the top? Is it in excess of what I should be paying for conveyancing in Aintree?
The estimate does seem a tad overpriced. Where you are happy to invest time comparing prices you may be able to decrease the fees marginally by perhaps £125. On the other hand, you maylive to rue choosing an an unknown solicitor. If is important to ensure that the firm can act for your mortgage company. Do utilise our search tool to choose a Aintree conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Aintree.
Please explain the implications if my lawyer’s firm is suspended from the Bank of Ireland Solicitor panel ahead of completing my conveyancing in Aintree?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I have justfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Aintree for a purchase of a leasehold apartment 12 months ago. How can I check that the property is in my name in the name of the previous owner?
The easiest method to check if the premises is registered to you, you can carry out 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 Aintree conveyancing specialists.
How does conveyancing in Aintree differ for newly converted properties?
Most buyers of new build property in Aintree come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Aintree usually purchase the site, 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 Aintree or who has acted in the same development.
I'm remortgaging my existing house to a buy to let mortgage with Bank of Scotland and I will use the ballance of the raised equity as a deposit on a second property. The location we are talking about is Aintree. Will your solicitors be able to act for both sets of banks and tie in the two deals?
Make use of our comparison tool on this site to be sure that the conveyancers are approved by both mortgage companies. On the basis that they are the conveyancer should be able to tie up the two deals but you should talk with you conveyancer and make clear your expectations and requirements.
My lawyers in Aintree have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with the mortgage company. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the lender directly.