We previously selected solicitors based in Cottesmore on the HSBC solicitor approved list. They have just billed me a further sum for dealing with the HSBC mortgage. Is this an additional conveyancing fee specified by HSBC?
Unfortunately, as long as it is in their Terms of Engagement or Quote then yes your conveyancing practitioner is entitled to charge a fee for this. The charge is not set by HSBC but by your Cottesmore solicitor. Some firms on the HSBC panel will quote ’dealing with mortgage’ fee but many practices incorporate it on their overall fee.
We are getting a further advance on our mortgage from Clydesdale as we want to carry out renovations to our house in Cottesmore. Are we obliged to choose a bricks and mortar Cottesmore solicitor on the Clydesdale conveyancing panel to handle the paperwork?
Clydesdale would not normally require a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale conveyancing panel.
Last month we had a mortgage agreed in principle with Yorkshire BS. Cottesmore conveyancing solicitors have been chosen. What is the average time that one could expect to receive a mortgage offer from Yorkshire BS?
There is no definitive answer here. Have Yorkshire BS completed the valuation? Have you informed Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I require quick conveyancing in Cottesmore as I am under an ultimatum to exchange contracts in less than one month. Thankfully I do not need a mortgage. Can I decline from having conveyancing searches to save money and time?
If.Given you are not taking a home loan you have the choice not to have searches carried out although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Cottesmore the following are examples of what can show up and therefore impact market value: Refused Planning Applications, Overdue Fees, Outstanding Grants, Railway Schemes,...
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Cottesmore is where the house is located. Can you offer any assistance?
Flying freeholds in Cottesmore are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cottesmore you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cottesmore may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I have been pointed in your direction by a few selling agents in Cottesmore to get a quote from a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to recommend your site over and above a competitor’s?
We don’t make any referral fee for sending work our way. We thought it would be too underhand a fee because a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I need to appoint a conveyancing solicitor for my conveyancing in Cottesmore. I have stumble across a site which seems to have the ideal offering If there is a chance to get all the legals completed via phone that would be ideal. Should I be wary? 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?
Can you offer any advice when it comes to finding a Cottesmore conveyancing practice to deal with our lease extension?
When appointing a solicitor for your lease extension (regardless if they are a Cottesmore conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non Cottesmore conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
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How familiar is the practice with lease extension legislation? Can they put you in touch with clients in Cottesmore who can give a testimonial?
Leasehold Conveyancing in Cottesmore - A selection of Questions you should consider before buying
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Is there a share of the freehold? It would be sensible to find out as much as possible about the company managing the building as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to practical issues like the cleanliness of the communal areas. You should not be afraid to ask other people what they think of them. In conclusion, find out the dates that you are obliged pay the maintenance charge to the managing agents and specifically what it includes. How long is the Lease?