My previous lawyer has given a fee calculation of £1400 for freehold conveyancing in Dorking. I am looking to sell a purpose built property for £275,000. This appears too much. Is it in excess of what I should be paying for conveyancing in Dorking?
The estimate does seem marginally steep. If you are happy to expend time comparing costs you might decrease the fees marginally by perhaps £125. On the other hand, you couldcome to rue choosing an a cheaper lawyer. Remember to check the solicitor can act for your mortgage company. You can utilise our search tool to get a quote a Dorking conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Dorking.
We are about to exchange buying a house in Dorking but as a consequence of wreckage from a small fire at the property I have managed to agree recompense from the owner in the sum of six thousand pounds by way of a reduction in the price. I had intended this to be addressed as part of the conveyancing process yet Co-operative will not permit this. Why were they informed?
Any property lawyer that is on the Co-operative conveyancing panel is duty bound to advise Co-operative of any changes to the purchase price. If you were to refuse your conveyancing practitioner to disclose the reduction to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new solicitor for your conveyancing in Dorking.
My fiance and I are hoping to buy a 3 bedroom apartment in Dorking with a mortgage from The Mortgage Works.We have a Dorking conveyancing lawyer but The Mortgage Works informed us he's not on their "panel". It seems we are left with no choice but to instruct a The Mortgage Works panel lawyer or retain our local solicitor and fork out for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The loan issued to you is subject to its terms and conditions, one of which will be that lawyers needs to be on the The Mortgage Works approved list. in the past, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for The Mortgage Works
What is your number one tip for finding a conveyancing solicitor in Dorking
We would encourage you not to go for the lowest Dorking conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. 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 go into the conveyancing with your eyes wide open.
I have today made my last payment due on my mortgage with Santander. I assume I don't need a Dorking property lawyer on the Santander panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
The mortgage over my property is with Santander for my property in Dorking. Conveyancing has been completed a year ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Santander?
You must advise Santander prior to letting out your property as this is likely to be a breach of Santander’s mortgage conditions. It may be that Santander will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Santander directly. It should not be necessary to do this via a Santander conveyancing panel solicitor.
I used Arc property Solicitors several years ago for my conveyancing in Dorking. Now, I need my documents but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Dorking of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
If all goes to plan we aim to complete the sale of our £150,000 flat in Dorking in just under a week. The landlords agents has quoted £324 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Dorking?
For the majority of leasehold sales in Dorking conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Answering pre-contract questions
Where consent is required before sale in Dorking
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I invested in buying a leasehold flat in Dorking, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Similar properties in Dorking with a long lease are worth £165,000. The ground rent is £50 per annum. The lease comes to an end on 21st October 2102
You have 77 years remaining on your lease the likely cost is going to be between £7,600 and £8,800 plus costs.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.