My previous lawyer has sent a quote for £1200 for fixed fee conveyancing in Brading. I am selling a purpose built house for £300,000. Is this overpriced? Is it above the average fee for conveyancing in Brading?
The estimate does seem marginally overpriced. If you shop around you may be able to reduce the fees slightly by as much as £125. On the other hand, you maylive to regret opting for an a cheaper conveyancer. Don't forget to check the firm can represent your mortgage company. You can utilise our comparison tool to get a quote a Brading conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Brading.
We're in Brading, First timers buying with a mortgage (lender is TSB , and our solicitor is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
The formalities of my remortgage has taken place for my property in Brading. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I am due to exchange contracts on my apartment. I had a double glazing fitted in September 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, RBS are being pedantic. The Brading solicitor who is on the RBS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but RBS are requiring a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Nationwide have agreed my mortgage in principle, my bid on a flat in Brading has been accepted, now what?
Your estate agent will need to be advised as to your lawyer's details (be sure the lawyers are on the bank’s panel). Contact Nationwide or the financial adviser and finalise any appropriate documentation. Nationwide will sellect a valuer who will get in touch with the selling agent or seller to arrange a slot for the valuation to occur. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Nationwide will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Brading.
My wife and I purchased a 4 bedroom Edwardian property in Brading. Conveyancing practitioner acted for me and Yorkshire Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Brading and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing solicitor who completed the work.
I have been on the look out for a leasehold apartment up to £305k and identified one close by in Brading I like with a park and transport links nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Brading suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage that many years may be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
I need to find a conveyancing solicitor for my conveyancing in Brading. I happened to land on a web site which appears to be the perfect solution If it is possible to get all this stuff done via phone that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?