AssumingI were to acquire a straightforward homein Farnham Common for cash and have no survey and no conveyancing searches how much should I expect to have to pay for conveyancing in Farnham Common?
The only reduction in fees you would make on is the disbursement for searches. The conveyancer still got to do everything else - money laundering, communicating with your vendors solicitor, stamp duty submission, register the ownership etc. A slight saving might be made by not having to register a charge but it will not be significant.
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel solicitor as I would prefer to use a Farnham Common based conveyancing firm?
Do check but the the likelihood is that give you one of their panel solicitors where you accept the "fee-free" incentive. Call the lender and ask if they offer you a monetary alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Farnham Common.
I have today made my last payment due on my mortgage with TSB. I assume I don't need a Farnham Common property lawyer on the TSB panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
I have decided to exercise my right to buy my property in Farnham Common off the council. I have a mortgage offer with Nationwide. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
I recently had an offer accepted on an apartment in Farnham Common. My financial adviser pressured me to appoint their solicitor. I paid an on account payment of £225. Not long after, the lawyer contacted me to say that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have been told that property searches are the main cause of hinderance in Farnham Common conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to feature in any holding up conveyancing in Farnham Common.
Are there restrictive covenants that are commonly identified as part of conveyancing in Farnham Common?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Farnham Common. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been recommended by two or three local property agents in Farnham Common to choose a property lawyer using your seach tool. Is there a financial incentive for Estate Agents to market your site ahead of alternative conveyancing organisations?
We refuse to offer any commission for pointing buyers and sellers our way. We found it would be just too difficult a fee because a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.