I am in a contract race with another prospective purchaser for a property in Clifton Village. What can I do to expedite matters?
In the event that the seller is applying a tight deadline for your conveyancing it is advisable to make sure that your lawyer is familiar with the location as they will have local contacts and knowledge. It is possible that they could have transacted previoushomes in the same road. Therefore consider using a Clifton Village conveyancing solicitor. Second, check that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that 18% of Clifton Village conveyancing deals are delayed or jeopardised after discovering a buyer’s lawyer was not on their mortgage lender’s panel. This can often result in the legal transfer of property being frustrated by as much as 21 days. It is claimed that this issue affects approximately one hundred thousand home sales every year. Many Clifton Village conveyancing firms can not represent certain lenders so do check as early as possible.
This question may be naive but I am new to the home moving as FTB of a ground floor flat in Clifton Village. Do I pick up the keys to the house on the completion date from my conveyancer? If so, I will appoint a local conveyancing solicitor in Clifton Village?
On the day of completion you will not be required to go to the conveyancers office in Clifton Village. Conveyancing lawyers for you will arrange to send the completion advance to the vendor’s conveyancers, and once they have received this, you will be invited to collect the keys from the property Agents and move into your new home. Usually this occurs early afternoon.
We previously appointed solicitors with offices in Clifton Village on the Bank of Ireland solicitor panel. They have just invoiced me a further fee for dealing with the Bank of Ireland mortgage. Is this an additional conveyancing fee specified by Bank of Ireland?
Unfortunately, as long as it is in their Terms and Conditions or estimate then yes your property lawyer is entitled to levy a fee for this. The fee is not dictated by Bank of Ireland but by your Clifton Village solicitor. Some firms on the Bank of Ireland panel will quote an ‘acting for lender’ fee but many practices incorporate it on their overall fee.
Intending to buy a apartment in Clifton Village. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore 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 Clifton Village lawyer is on the Aldermore conveyancing panel.
Are there restrictive covenants that are commonly identified as part of conveyancing in Clifton Village?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Clifton Village. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Clifton Village differ for newly converted properties?
Most buyers of new build residence in Clifton Village come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Clifton Village tend to purchase the site, 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 Clifton Village or who has acted in the same development.
Is it simple use the search app to locate a conveyancing practitioner in Clifton Village on the panel for my lender?
1st pick a lender such as Santander, The Mortgage Works or Alliance & Leicester then type in your preferred area for example Clifton Village. Conveyancing organisations in Clifton Village and further afield should be listed.
My cousin is purchasing a ground floor flat in Clifton Village. He was given a quote by the solicitor connected to the selling agents and it came to £1300 . It was fifteen years ago since I sold and bought a house and the bill was £600. Have fees really gone up that much?
We would recommend that you visit a few local Clifton Village conveyancing firms requesting estimates. It is advisable to base your choice not solely on cost, but on promptness and on how comprehensive the reply is.