The solicitor who dealt with my last purchase has given a fee estimate £995 for fixed fee conveyancing in Finchampstead. I am hoping to sell a Victorian property for £225,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Finchampstead?
The charges are a bit high. If you shop around you might get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, you mightcome to regret choosing an an untested solicitor. If is important to ensure the solicitor can also act for your lender. You can use our comparison tool to locate a Finchampstead conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Finchampstead.
Our son is buying a new build apartment in Finchampstead with a home loan from Barclays. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Barclays conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Barclays conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Last month we had a mortgage agreed in principle with Aldermore. Finchampstead conveyancing solicitors have been appointed. What is the average time that one could expect to receive a mortgage offer from Aldermore?
There is no definitive answer here. Have Aldermore completed the survey? Have you informed Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
About to purchase flat in Finchampstead. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Finchampstead conveyancer is on the Yorkshire BS conveyancing panel.
I've read lots of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Finchampstead solicitor - who is on the Barclays conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Finchampstead surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
How does conveyancing in Finchampstead differ for new build properties?
Most buyers of new build property in Finchampstead contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Finchampstead typically buy 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 conveyancing solicitors 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 Finchampstead or who has acted in the same development.
I decided to have a survey completed on a property in Finchampstead prior to instructing lawyers. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some banks will refuse to grant a loan on this type of home.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Finchampstead. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are 3 weeks into a residential purchase having been referred to conveyancers by the selling agent to perform conveyancing in Finchampstead. We are not happy. Can you help me find new conveyancers?
They would need to be really poor to suggest diss instructing them. Has the loan offer been sent? In the event that it has you will need to make them aware of the new contact details and have the offer are re-sent. Your new solicitor ideally needs to be on the banks panel to avoid escalating costs and delays. So that should be your starting point. Our search tool can help you find a bank approved lawyer for your home move in Finchampstead