Do banks and building societies provide you with an approved list of Buckhurst Hill conveyancing solicitors? How do you know who is on the Virgin Money conveyancing panel?
Buckhurst Hill conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
I have been referred to a conveyancing solicitor in Buckhurst Hill. I I would like to check if they are on the Accord Mortgages Ltd approved list of lawyers. Can you advise?
The first thing to do is phone the conveyancer and ask them if they are on the lender panel. Alternatively you can call Accord Mortgages Ltd who may be able to assist.
What is your number one tip for choosing a conveyancing solicitor in Buckhurst Hill
It would be unwise to be swayed by the cheapest Buckhurst Hill conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
When it comes to mortgage companies such as RBS, do Buckhurst Hill conveyancers have to pay a yearly amount to be on the list of approved solicitors?
We are unaware of any lender fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
We had chosen conveyancers with offices in Buckhurst Hill on the Nationwide solicitor approved list. They have just invoiced me a separate sum for the legal aspects of the Nationwide mortgage. Is this a supplemental conveyancing fee set by Nationwide?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your conveyancer can levy a fee for this. The charge is not dictated by Nationwide but by your Buckhurst Hill conveyancer. Some firms on the Nationwide panel will levy ’dealing with mortgage’ fee and others do not.
Is it necessary to take out insurance to address the risk of chancel repairs when acquiring a house in Buckhurst Hill?
Unless a prior purchase of the premises completed post 12 October 2013 you can take it that lawyers conducting conveyancing in Buckhurst Hill to continue to suggest a chancel search and or insurance against a claim.
How does conveyancing in Buckhurst Hill differ for newly converted properties?
Most buyers of new build property in Buckhurst Hill come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Buckhurst Hill usually acquire the land, 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 conveyancers 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 used to new build conveyancing in Buckhurst Hill or who has acted in the same development.
I was pointed in your direction by a few selling agents in Buckhurst Hill to choose a property lawyer on your site. What’s the financial advantage for Estate Agents to market your lawyers over another?
We refuse to make any referral fee for pointing buyers and sellers our way. We found it would be just too difficult to pay a commission because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.