My family solicitor has quoted just over a thousand pound for no move no fee conveyancing in Broughton. I’m looking to sell a Victorian property for £225,000. This sounds too much. Is it in excess of the average fee for conveyancing in Broughton?
The estimate does seem a tad overpriced. If you shop around you may be able to get the conveyancing a bit cheaper by say £125. That being said, you maylive to rue opting for an a cheaper solicitor. Don't forget to enquire the solicitor can also act for your bank. You can employ our comparison tool to get a quote a Broughton conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Broughton.
Our grandson is purchasing a new build apartment in Broughton with a home loan from Bank of Ireland. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Bank of Ireland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
In what way does my ID and proof of funds have anything to do with my conveyancing in Broughton? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Broughton. However these days you can not proceed with any conveyancing process if you have not providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Remember if you are providing your driving licence as proof of ID it must be both the paper section as well as the photo card part, one is not acceptable in the absence of the other.
Evidence of the source of money is necessary in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer will need to have this information on record. Your Broughton conveyancing lawyer will require evidence of proof of funds before they are able to accept any monies from you into their client account and they will also ask additional queries regarding the origin of funds.
Should my lawyer be asking questions concerning flooding during the conveyancing in Broughton.
Flooding is a growing risk for conveyancers conducting conveyancing in Broughton. There are those who buy a property in Broughton, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Lawyers are not qualified to give advice on flood risk, but there are a numerous checks that can be initiated by the buyer or on a buyer’s behalf which will figure out the risks in Broughton. The conventional set of information sent to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) includes a standard inquiry of the vendor to find out whether the property has historically flooded. If the property has been flooded in past and is not notified by the vendor, then a purchaser may bring a legal claim for losses as a result of such an incorrect reply. A buyer’s lawyers will also commission an environmental search. This will indicate whether there is a recorded flood risk. If so, further inquiries will need to be carried out.
I decided to have a survey carried out on a property in Broughton prior to retaining lawyers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some banks tend not issue a loan on such a premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you contact us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Broughton. Conveyancing will be smoother if you use a solicitor in Broughton especially if they regularly deal with such properties in Broughton.
As co-executor for the estate of my uncle I am selling a property in Cardiff but reside in Broughton. My conveyancer (based 235 kilometers from meneeds me to sign a stat dec prior to completion. Can you recommend a conveyancing lawyer in Broughton to witness and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are based in Broughton