We were about to instruct a conveyancing solicitor in Eaton Bray listed by you but have come across some other estimates on the internet seem less pricey – why is this?
You can find numerous firms promoting so-called £99 conveyancing, yet more often than not extracosts end up with the closing bill totally different to the one you expected. In accordance with regulatory requirements charges outlined in terms and conditions should be equitable invoiced The conveyancers that we put forward for conveyancing in Eaton Bray clearly state all charges for a standard conveyancing transaction.
My wife and I are getting closer to an exchange on a house in Eaton Bray and my parents have sent the 10% deposit to my conveyancer. I am now advised that as the deposit has not arrived from me my solicitor needs to disclose this to my mortgage company. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your conveyancing practitioner is legally required to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Do the Building Society Association intend to launch a online directory to to identify solicitors on the Coventry BS conveyancing panel for instance in Eaton Bray?
Lexsure has not been advised of any intention on the part of the BSA to develop such a search facility.
My relative recommended that if I am buying in Eaton Bray I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Eaton Bray conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about Eaton Bray around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Eaton Bray Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Eaton Bray.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Eaton Bray is the location of the property. Is there any guidance you can give?
Flying freeholds in Eaton Bray are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Eaton Bray you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Eaton Bray 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 property.
I'm remortgaging my current home to a buy to let mortgage with Coventry Building Society and intend to use the remaining equity as a down payment on a second property. The neighborhood we are looking at is Eaton Bray. Will your lawyers be able to act for both sets of banks and link together the transactions?
Do use our search tool on this site to ensure that the solicitors are on the appropriate lender panels. On the basis that they are your solicitor should be able to simultaneously deal with the two deals but you should have a chat with you solicitor and make clear your desired outcome and needs.