The lawyer who dealt with my last purchase has quoted £1200 for no sale no fee conveyancing in Eastleigh. I’m looking to sell a newly refurbished house for £250,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in Eastleigh?
The estimate does seem a tad overpriced. If you are willing to invest time scrutinising costs you could decrease the fees slightly by say a hundred pounds. On the other hand, you couldcome to regret opting for an an untested conveyancer. If is important to check that the solicitor can represent your mortgage company. Do employ our search tool to locate a Eastleigh conveyancing practice on the banks conveyancing panel which can often include conveyancing solicitors in Eastleigh.
We are about to exchange contracts for a ground floor flat in Eastleigh. We have hit a stumbling block. Our mortgage offer with Barclays Direct runs out on 21/1/2025 but the owners are putting forward a completion date of 23/1/2025. Is it possible to prolong the loan expiry date?
The person best placed to address this issue is your solicitors who is in a position to determine whether they better off negotiating with the bank, seller’s conveyancers, property agents or conceivably all three taking into account the history of your conveyancing as of today.
My fiance and I are hoping to buy a purpose built apartment in Eastleigh with a loan from Bank of Ireland.We use our Eastleigh conveyancing practitioner but Bank of Ireland informed us he's not on their "panel". We have to appoint a Bank of Ireland panel firm or retain our high street solicitor and pay 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 mortgage offered to you is subject to its terms and conditions, a common one being that solicitors will be on the Bank of Ireland approved list. in the past, most lenders had large numbers of law firms on their panels: a borrower could find 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 Bank of Ireland
We are purchasing a property and the conveyancer has identified Chancel Repair to which the property could be obligated to contribute to given it’s proximity to the area of such a church. She has suggested insurance. Is this really warranted for conveyancing in Eastleigh
Unless a prior purchase of the property completed after 12 October 2013 you can expect solicitors conducting conveyancing in Eastleigh to continue to propose a a chancel search and or insurance against a claim.
How does conveyancing in Eastleigh differ for new build properties?
Most buyers of new build residence in Eastleigh contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is finished. This is because builders in Eastleigh typically buy 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 property lawyers 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 Eastleigh or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Eastleigh prior to instructing solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some lenders will refuse to grant a loan on this type of home.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Eastleigh. Conveyancing may be slightly more expensive based on your lender's requirements.