Just been in touch with my conveyancing lawyer in Aston who acted for me 18 months ago requesting a conveyancing costs illustration based on the same type of home move (a leasehold residence and a freehold property) of almost identical values with a loan from Birmingham Midshires. I am now being quoted twice the amount. Am I right to be tempted to shop around for a cheaper online conveyancer?
The charges appear a bit high. If you are willing to invest time contrasting quotes you might get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, assuming were pleased with the legal work the firm gave you maycome to regret choosing an a cheaper solicitor. If is important to ensure that the conveyancer can represent Birmingham Midshires. Do utilise our search tool to find a Aston conveyancing firm on the Birmingham Midshires conveyancing panel, which can often include conveyancing solicitors in Aston.
I am under pressure from the owner of a property in Aston to exchange within four weeks. What can I do to expedite matters?
Where you are under a tight deadline for your conveyancing it is highly recommended that your solicitor is familiar with the location as they will benefit local contacts and know-how. It is possible that they would have handled previoushomes in the same neighbourhood. You would be best advised to use a Aston conveyancing firm. Second, be sure that the conveyancing firm is on the on the approved list for your mortgage company. It is estimated that 18% of Aston conveyancing transactions are frustrated or derailed after discovering a buyer’s lawyer was not on their banks panel. This can often result in the legal transfer of property being frustrated by as much as three weeks. It is understood that this issue impacts approximately 100,000 home moves annually. Most Aston conveyancing firms can not act for certain banks so do check at the outset.
In what way does my ID and proof of funds have anything to do with my conveyancing in Aston? Is this really necessary?
To satisfy the Money Laundering Regulations any Aston conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account showing your correct address.
In accordance with Money Laundering Regulations, property lawyers are duty bound to validate not simply the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this will result in your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to make a disclosure to the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
three months have gone by since my purchase conveyancing in Aston completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Aston is where the house is located. What do you suggest?
Flying freeholds in Aston are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Aston you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Aston may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Given that I am about to spend over three hundred thousand on 3 bedroom house in Aston I wish to talk to a conveyancer concerning theconveyancing in advance of giving the go ahead to the firm. Can this be arranged?
This is something that we encourage - we would be pleased to talk to you we do not take any clients on without you liaising with the lawyer due to be conducting your property ownership legalities in Aston.There is no ‘factory style conveyancing’ - each client is an important person, not a matter number. The solicitors that we put you in touch with believe that the figure you are provided with for your conveyancing in Aston should be the figure that you are charged.