My family lawyer has quoted £1350 for no move no fee conveyancing in Boncath. I’m selling a modern house for £275,000. Are the quoted fees excessive? Is it in excess of the norm for conveyancing in Boncath?
The costs illustration is fractionally on the high side. If you shop around you could reduce the fees slightly by as much as £100 plus VAT. That being said, you mightcome to regret opting for an an untested conveyancer. Don't forget to check the firm can also act for your mortgage company. Do use our search tool to locate a Boncath conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Boncath.
Is there a reason why leasehold purchase conveyancing in Boncath is more expensive?
Boncath leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I had intended to instruct a property lawyer in Boncath for our house move. Our financial adviser has since advised us that our bank Barclays won't deal with them. Why is this not regarded as unfair competition?
Banks ordinarily imposes restrictions either the category or the number of conveyancing solicitors on their panel. Typical examples of such restriction(s) being that a law practice must not be a sole practitioner. In addition to restricting the profile of firm, a few lenders have reduced the number of solicitor practices they allow to represent them. You should note that Barclays have no responsibility for the quality of advice provided by any member of Barclays Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels since 2008 even though there are mixed opinions regarding the extent of solicitor engagement in some of that fraud. Figures from the Land Registry indicate that thousands of law firms, including some in or near Boncath only execute a couple conveyances per annum.
Due to the input of my in-laws I had a survey completed on a property in Boncath prior to appointing conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend not issue a loan on this type of property.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Boncath. Conveyancing will be smoother if you use a solicitor in Boncath especially if they are familiar with such properties in Boncath.
I was pointed in your direction by three or four local property agents in Boncath to get a quote from a solicitor using your seach tool. Is there a financial advantage for Estate Agents to recommend your services over another?
We don’t give any commission for directing people in our direction. We found it would be just too difficult to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am four weeks into a leasehold purchase having been directed to conveyancers by the local agent to perform conveyancing in Boncath. I am not happy. Can you you assist me in finding new solicitors?
They would need to be very bad in order to consider diss instructing them. Has the loan offer been issued? If so you will need to make them aware of the replacement lawyer and ensure the mortgage documents are issued to the new lawyers. Your new solicitor ideally needs to be on the banks approved list to avoid added charges and complications. So that should be your first question of the new solicitors. Our search tool can assist you in finding a lender approved solicitor for your home move in Boncath