Recently contacted my conveyancing lawyer in Barrowden who completed the legal work two years ago requesting a conveyancing estimate based on an identical type of home move (a leasehold premises and a freehold property) of almost identical values with a loan from Clydesdale. I am now being quoted double. Better the devil I know or do I seek out an alternative property lawyer?
The estimate does seem a little steep. If you you were to look around you might reduce the fees marginally by say £100 plus VAT. That being said, providing that you were content with the legal work the firm gave you couldcome to regret choosing an a cheaper lawyer. Don't forget to be sure the solicitor can also act for Clydesdale. You can use our search tool to find a Barrowden conveyancing firm on the Clydesdale conveyancing panel, which can often include conveyancing solicitors in Barrowden.
I own a freehold house in Barrowden yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Barrowden and has limited impact for conveyancing in Barrowden but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
My Conveyancer in Barrowden is not on the Skipton Building Society Conveyancing Panel. Can I still use my family solicitor notwithstanding that they are not on the Skipton Building Society approved list?
The limited options available to you here include:
- Complete the purchase with your preferred Barrowden solicitors but Skipton Building Society will need to use a lawyer on their panel. This will result in additional total conveyancing fees as well as cause frustration.
- Find an alternative practitioner to act in the conveyancing, obviously checking they are Skipton Building Society approved.
- Persuade your Skipton Building Society based solicitor to try to join the Skipton Building Society panel
Various online forums that I have visited warn that are the number one reason for delay in Barrowden house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Barrowden.
How does conveyancing in Barrowden differ for new build properties?
Most buyers of new build premises in Barrowden come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Barrowden usually acquire 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 property lawyers 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 Barrowden or who has acted in the same development.
Am I right to be suspicious about estate agents that I am dealing with are suggesting a national conveyancing firm as opposed to a High Street Barrowden conveyancing firm?
As with many professional services, often recommendations from connections can be very helpful. Nevertheless there are lots of players in a conveyancing matter; estate agents, financial adviser and banks may recommend conveyancers to retain. On occasion the conveyancers might be known to one of the organisations as experts in their field, but occasionally there behind the scenes financial incentive behind the endorsement. You have the right to choose your own conveyancer. However, bear in mind that some lenders operate an approved list of solicitors you have to use for the lender related work in your home move.