The lawyer who assisted with my previous purchase has sent a quote for £995 for no sale no fee conveyancing in Erdington. I am hoping to sell a purpose built detached home for £225,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Erdington?
The charges are a bit high. If you are prepared to expend time contrasting fee on a like for like basis you might get the conveyancing a bit cheaper by perhaps £125. On the other hand, you mightlive to regret opting for an an unknown solicitor. If is important to check the solicitor can act for your bank. You can make use of our search tool to choose a Erdington conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Erdington.
My husband and I are getting closer to an exchange on a flat in Erdington and my parents have sent the 10% deposit to my solicitor. I am now advised that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my bank. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to hold matters up?
Your property lawyer is obliged to check with lender to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Why is leasehold purchase conveyancing in Erdington is more expensive?
In summary, leasehold conveyancing in Erdington and Birmingham usually warrants extra work compared to freehold transactions. This includes analysing the lease terms, corresponding with the landlord about serving applicable notices, procuring up-to-date service charge and management information, securing the landlord’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 – no matter how many different owners have owned the lease since it was first granted.
Hoping to buy a property located in Erdington and I am already nervous. I couldn't find anything specific about Erdington. Conveyancing will be needed in due course but do you know about the Erdington area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Erdington. In the meantime here are some basic statistics that we found
We are 18 days into a residential purchase having been recommend to a firm by the high street agent to execute conveyancing in Erdington. I am am very frustrated with the level of service. Could you help me find new lawyers?
A solicitor would have to be really bad to suggest changing them. Has your mortgage offer been generated? If so you must make them aware of the new contact details and get the loan are re-issued. Your conveyancer needs to be on the mortgage company panel to avoid added costs and delays. That should be your starting point. Our search tool can assist you in finding a bank approved lawyer for your conveyancing in Erdington
Why do Erdington conveyancing charges differ for leasehold and freehold properties?
Leasehold conveyancing in Erdington will often involve additional work for instance reviewing the lease, liaising with the freeholder, obtaining up to date rent receipts, landlord’s consents, management company’s accounts etc.