The solicitor who assisted with my last purchase has given a fee estimate £1350 for leasehold conveyancing in Fetcham. I’m looking to sell a newly refurbished property for £150,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Fetcham?
The charges are a bit high. Where you are content to spend time contrasting fee on a like for like basis you could get the conveyancing a bit cheaper by say £125. On the other hand, you couldlive to rue opting for an a cheaper solicitor. Don't forget to be sure the firm can represent your lender. You can employ our comparison tool to choose a Fetcham conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Fetcham.
What happens if my solicitor is suspended from the Co-operative Conveyancing panel ahead of completing my conveyancing in Fetcham?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
When it comes to lenders such as Barclays, do Fetcham property lawyers face a fee to be on the list of approved solicitors?
We are unaware of any bank fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
We were going to get a AIP from HSBC this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do HSBC recommend any Fetcham solicitors on the HSBC conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Fetcham solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
I have today made my last payment due on my mortgage with Co-operative. I assume I don't need a Fetcham solicitor on the Co-operative panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Co-operative 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 Co-operative mortgage from the register. Co-operative, 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 Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
I used Wolstenholmes a few years past for my conveyancing in Fetcham. Now, I need the files but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Fetcham of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm remortgaging my current house to a buy to let mortgage with Barnsley Building Society and intend to use the remaining equity towards a second property. The area we are talking about is Fetcham. Will your conveyancers be able to act for the two mortgage companies and tie in the two deals?
Make use of our comparison tool on this site to ensure that the conveyancers are approved by both lenders. Having checked that they are the lawyer should be able to simultaneously deal with the two deals but you should have a chat with you conveyancer and specify your desired outcome and needs.
Partway through the sale of a leasehold flat in Fetcham. Conveyancing lawyers are doing their job but we are being charged a fortune by the landlord. So far we have forked out £225 for a leasehold management information and then another £117.20 for supplemental questions raised by the purchaser's property lawyer.
You will not have control over the extent of the charges for this information however the average costs for the information for Fetcham leasehold property is £350. For Fetcham conveyancing deals it is conventional for the owner to cover the charges. The freeholder or their agents are under no legal obligation to answer these questions most will be content to do so - albeit often at high prices disproportionate to the work involved. Regretfully there is no law that mandates fixed charges for administrative tasks. Nor is there any legal time limit by which they are duty bound to issue the information.