My partner’s uncle is a property lawyer. I hope that I can be offered mate’s rates for conveyancing, but if not, what kind of fees would I typically be looking at for conveyancing in Eel Pie Island?
You should compare pricing. Do use our search tool on this page. The estimates do be different but service levels do differ between law firms as is the case with most professions.
My husband and I decided to purchase a newly converted flat in Eel Pie Island with a homeloan from Coventry Building Society.We like our Eel Pie Island conveyancing practitioner but Coventry Building Society advised that his firm is not listed on their approved list of firms. We have to appoint a Coventry Building Society panel solicitor 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 contains various provisions, one of which will be that solicitors must be on the Coventry Building Society solicitor panel. 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. A further alternative is for your lawyer to apply to be on the conveyancing panel for Coventry Building Society
How does conveyancing in Eel Pie Island differ for new build properties?
Most buyers of new build property in Eel Pie Island approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is finished. This is because developers in Eel Pie Island tend to purchase the real estate, 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 conveyancers 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 accustomed to new build conveyancing in Eel Pie Island or who has acted in the same development.
Over the last few months I have been searching for a flat up to £245,000 and identified one near me in Eel Pie Island I like with a park and railway links in the vicinity, however it only has 49 years on the lease. There is not much else in Eel Pie Island in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan that many years may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I was recommended by a number of selling agents in Eel Pie Island to find a conveyancer on your site. What’s the financial incentive for Estate Agents to market your services over another?
We don’t offer any financial incentive for sending work our way. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
We have recently had a bid accepted on our first house in Eel Pie Island, and are now looking to get solicitors lined up. I have utilised the different comparison tools and the quotes are from all over the country. Is it advisable to have a Eel Pie Island solicitor local to the prospective house? I am happy to do everything over email, but I assume at some stage we will need to physically go into the conveyancing practitioner's office to sign documents?
The conveyancer does not need to be in Eel Pie Island, but opting for local means that you can go in if needed, by way of example, if a signature is immediately necessary. In addition, a Eel Pie Island solicitor is likely to be familiar with local agents and (if the vendor has chosen a local conveyancing practitioner) with them, which will help smooth the process.