My previous lawyer has quoted £995 for freehold conveyancing in Bideford. I am hoping to downsize from a modern property for £300,000. Are these estimated fees excessive? Is it above the average fee for conveyancing in Bideford?
The quote is fractionally on the steep side. If you are prepared to invest time scrutinising fee on a like for like basis you might get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, you couldlive to rue opting for an an untested solicitor. Don't forget to check the conveyancer can act for your bank. You can employ our comparison tool to select a Bideford conveyancing practice on the banks member panel which can often include conveyancing solicitors in Bideford.
I own a freehold house in Bideford yet pay rent, why is this and what is this?
It’s unusual for properties in Bideford and has limited impact for conveyancing in Bideford 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 from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
My mortgage company has recommended a law firm on their panel based in Bideford but I would rather use a conveyancing lawyer in Bideford or nearer to where I live. Can you help?
It is by no means the case that all Bideford conveyancing firms are listed all lender’s conveyancing panel. Use our find an approved solicitor tool to find a Bideford conveyancing conveyancer on the on the bank panel.
I recently had an offer accepted on a house in Bideford. My mortgage broker pressured me to appoint their conveyancer. I paid an advanced payment of £200. Soon after, the solicitor called me to say that they were not on the Yorkshire BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Yorkshire BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Planning on purchasing a house in Bideford. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Bideford conveyancer is on the Santander conveyancing panel.
I have finally had an offer on a flat in Bideford agreed to, the owners do however have a tied purchase. The sellers have offered on somewhere, however it’s not yet agreed to, and are looking at other apartments booked. I have instructed a high street conveyancing solicitor in Bideford. What do I do now? At what stage do I apply for the mortgage with Aldermore?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx £1k, then survey, Bideford conveyancing search costs, etc). First, you must check that your property lawyer is on the Aldermore approved list. Concerning the subsequent steps this very much depends on the circumstances of your transaction, motivation for this property and on the state of the market. During a hot market the majority of buyers would apply for a home loan with Aldermore and arrange for the valuation and only if it comes back ok would they pay their solicitor to proceed with searches.
Hoping to buy a property located in Bideford and I am already nervous. I couldn't find anything specific about Bideford. Conveyancing will be needed in due course but do you know about the Bideford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bideford. In the meantime here are some basic statistics that we found
We are 18 days into a residential purchase having been directed to a firm by the estate agent to carry out the conveyancing in Bideford. I am am starting to be dissatisfied with the quality of service. Could you help me find new conveyancers?
They would need to be really poor in order to consider replacing them. Has the mortgage been issued? If so you must make them aware of the replacement conveyancer and get the offer are issued to the new lawyers. Your new conveyancer should be on the lenders panel to avoid added expenses and frustration. So that should be your starting point. The search tool should assist you in finding a lender approved conveyancer for your home move in Bideford