I was referred a conveyancer who has sent a quote for £1200 for no sale no fee conveyancing in Erith. I’m selling a Georgian detached home for £300,000. Is this overpriced? Is it above what I should be paying for conveyancing in Erith?
The quote is slightly on the steep side. Where you are prepared to expend time scrutinising prices you could decrease the fees marginally by say £125. On the other hand, you couldlive to rue choosing an a cheaper lawyer. Don't forget to check the solicitor can represent your mortgage company. Do use our comparison tool to choose a Erith conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Erith.
I have a decision in principle. The bank mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would much rather use a Erith based conveyancing firm?
You should check but the chances are that allocate you one of their panel lawyers should you take up the "fee-free" deal. Contact the bank to see if they make available a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Erith.
If you had a top tip for selecting a conveyancing solicitor in Erith what would it be?
It would be unwise to be seduced by the lowest Erith conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. 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 know exactly what you’ll have to pay in advance.
Forgive me if this question is silly but I am new to the house moving as FTB of a ground floor flat in Erith. Do I receive the keys to the house on the completion date from my solicitor? If so, I will find a High Street conveyancing solicitor in Erith?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s conveyancers, and shortly after the monies have arrived, you will be called to collect the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
I have decided to exercise my right to buy my property in Erith off the council. I have a mortgage offer with Aldermore. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Aldermore, you will need to appoint a solicitor on the Aldermore conveyancing panel.
I am buying my first flat in Erith benefiting from help to buy. The sellers refused to move on the price so I negotiated £7000 of additionals instead. The property agent advised me not reveal to my conveyancer about this deal as it could put at risk my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Erith is where the house is located. Can you shed any light on this issue?
Flying freeholds in Erith are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Erith you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Erith 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.
Why is New Build conveyancing in Erith more costly?
Conveyancing in Erith for newly converted or new build homes usually involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as additional queries and contractual concerns.