I was recommended to a solicitor who has given a fee calculation of £1350 for leasehold conveyancing in Custom House. I’m looking to sell a Georgian house for £200,000. This appears overpriced. Is it above what I should be paying for conveyancing in Custom House?
The charges are a bit high. If you are content to spend time comparing fee on a like for like basis you might reduce the fees slightly by say a hundred pounds. That being said, you maylive to rue opting for an an unknown conveyancer. Don't forget to enquire the firm can represent your lender. Do make use of our comparison tool to get a quote a Custom House conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in Custom House.
Can the conveyancing solicitors identified via your search tool execute auction conveyancing in Custom House?
We know of a few niche practitioners we can connect you with those conducting auction conveyancing. Custom House is just one of the many areas of where our lawyers cover.
Two weeks ago we had a mortgage agreed in principle with Nationwide. Custom House conveyancing solicitors are appointed. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide completed the survey? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We expect to receive a AIP from Co-operative this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Co-operative recommend any Custom House solicitors on the Co-operative conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Custom House solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.
I have decided to exercise my right to buy my property in Custom House off the council. I have a mortgage offer with Barclays. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
I am purchasing a new build house in Custom House with a mortgage from The Mortgage Works. The builders refused to reduce the price so I negotiated £7000 of extras instead. The property agent told me not to tell my conveyancer about the side-deal as it may affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Am I best advised to appoint a Custom House conveyancing lawyer who is local to the property I am buying? I have an old university friend who can conduct the conveyancing however his firm is located 300miles away.
The primary upside of using a local Custom House conveyancing practice is that you can attend the office to execute paperwork, hand in your ID and apply pressure on them if necessary. They will also have local knowledge which is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and on the whole were happy that should outweigh using an unfamiliar Custom House conveyancing solicitor solely due to them being round the corner.
I have today placed an offer on a leasehold flat in Custom House and the estate agent that we are using suggested his property lawyer. He quoted nine hundred pounds plus VAT and disbursements. Does this sound steep?
Don't just go on one quote. One should obtain like-for-like quotes for your conveyancing in Custom House. Then pick one that you trust and crucially, is on the approved list of the mortgage company that you have applied for a mortgage from.