My best friend’s brother is a solicitor. I hope that I'll be able to get preferential rates for conveyancing, However if that does not come through, what kind of fees should I be paying for conveyancing in Dorking?
Do compare pricing. Do use our search tool on this page. Whilst fees may vary but service levels do differ between conveyancers as is true with the vast majority of professional services.
Why is leasehold purchase conveyancing in Dorking costs more?
In short, leasehold conveyancing in Dorking and Surrey usually involve extra hours of investigation compared to freehold transactions. This includes analysing the lease terms, communicating with the landlord concerning serving required notices, obtaining current service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
I'm the sole recipient of my late father’s will and I have everything in my name now, including the my former home in Dorking. Conveyancing formalities meant that the Land Registry date was in November. I plan to dispose of the house. I understand that there is a CML six month 'rule', which means that my property ownership could be regarded the same way as if I'd bought the property in November. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How sensible a view mortgage companies take of it, depend on the lender as this obligation principally exists to identify subsales or the wholesaling and assigning of property.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Dorking bank branch on numerous occasions and was told it wasn't an issue and they will lend. My Dorking conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they would not lend in accordance with their published requirements. I simply don't know who is right.
Your property lawyer must follow the CML Handbook section two requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I've digested plenty of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Dorking solicitor - who is on the Santander conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Santander will need an independent valuation of the property. Your lawyer will not arrange this. Usually Santander will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Dorking surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I'm refinancing my existing home to a BTL loan with Bank of Scotland and I will use the rest of the raised equity as a down payment on further property. The location we are looking at is Dorking. Will your lawyers be able to act for the two mortgage companies and link together the two deals?
Make use of our comparison tool on this site to ensure that the lawyers are on the relevant lender panels. Having checked that they are your conveyancer will be able to connect the two transactions but you should have a chat with you solicitor and communicate your expectations and needs.
I am using a search engine for the term on line conveyancing in Dorking it reveals many property lawyersin the vicinity. With so much choice what is the best way to find the suitable conveyancer for the sale of my house?
The ideal method of choosing the right conveyancer is via trusted testimonial, so ask colleagues and family who have purchased a property in Dorking or a respected estate agent or mortgage broker. Charges for conveyancing in Dorking differ, so it's a good idea to obtain a minimum of three estimates from varying types of solicitors. Make sure that you clarify that the fees are fixed.
Should I stop my mortgage payments with Virgin Money once a completion date for my home sale in Dorking has been set?
No, you must keep meeting any mortgage sums to Virgin Money until the mortgage is repaid out of the proceeds of sale as part of your Dorking conveyancing.