The conveyancer who helped my previous purchase has given a fee estimate £1350 for fixed fee conveyancing in Arundel. I am hoping to sell a Georgian property for £200,000. Is this expensive? Is it above the norm for conveyancing in Arundel?
The quote is fractionally on the steep side. If you are happy to spend time comparing prices you might trim some of the cost by say £125. That being said, you mightcome to regret choosing an an unknown lawyer. If is important to ensure that the conveyancer can represent your bank. You can utilise our search tool to get a quote a Arundel conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Arundel.
The property market in Arundel is heating up. What can I do to expedite matters?
In the event that the seller is applying a tight deadline for your conveyancing we would recommend that your solicitor is familiar with the location as they will benefit local contacts and know-how. It is possible that they could have conducted otherhouses in the same road. Therefore consider using a Arundel conveyancing firm. In addition, ensure that the lawyer is on the on the approved list for your mortgage company. It is claimed that 18% of Arundel conveyancing transactions are frustrated or jeopardised after finding out that a buyer’s lawyer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the legal process being held up by as much as 21 days. It is said that this issue affects in the region of one hundred thousand home moves annually. Many Arundel conveyancing practices can not represent certain lenders so do check as early as possible.
I have a mortgage with Barclays for my property in Arundel. Conveyancing was finalised some time ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
Your original mortgage agreement with Barclays will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. It should not be necessary to do this via a Barclays conveyancing panel solicitor.
I've read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Arundel solicitor - who is on the Clydesdale conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Clydesdale will need an independent valuation of the property. Your lawyer will not arrange this. Usually Clydesdale 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 conveyancer 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 Arundel postcode. As you are getting a mortgage with Clydesdale, you could contact them to see if they have a list of approved surveyors in Arundel.
At last I have had an offer on a flat in Arundel accepted, but there is a chain. The vendors have offered on on an apartment, however it’s not yet tied up, and have viewings of other flats in the pipeline. I have selected a local conveyancing solicitor in Arundel. What should be my next step? At what point do I apply for the mortgage with UBS?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx £1k, then valuation, Arundel conveyancing search fees, etc). First, you must ensure that your lawyer is on the UBS conveyancing panel. Regarding the next steps this very much dictated by the uniqueness of your case, attraction to the property and on the state of the market. During a rising market the majority of buyers would apply for the mortgage with UBS and arrange for the valuation and only if it was satisfactory would they pay their property lawyer to proceed with searches.
I used Arc property Solicitors a few years past for my conveyancing in Arundel. Now, I need my documents but the law firm is no longer operating. What do I do?
You should contact 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 Arundel 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.
I am buying a new build house in Arundel benefiting from help to buy. The builders would not budge the price so I negotiated 6k of additionals instead. The property agent suggested that I not reveal to my lawyer about this extras as it could affect my loan with the bank. Is this normal?.
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.
How much will conveyancing in Arundel cost?
Almost all Arundel conveyancing solicitors will charge a fixed fee. In the event that further work becomes necessary during the conveyancing your conveyancing practitioner is duty bound to advise you in writing of such further charges for any work immediately it becomes obvious. Some work on a no completion no cost basis, others will charge a percentage of the agreed costs, according to the stage at which the conveyancing falls through.
It may be helpful for you to ask various practices to provide you an estimate.