I plan on purchasing a ground floor flat in Fleet. My Solicitor is not listed on the lender solicitor list. Am I still permitted to continue with my Fleet conveyancing solicitor even though they are excluded from the lender panel of approved conveyancing solicitors?
Various options include
- Proceed with your existing Fleet solicitor but your mortgage company will no doubt use a conveyancer from their approved panel. The net result is additional charges and potential frustration.
- Choose a new lawyer to conduct the conveyancing, obviously checking they are on the bank conveyancing panel.
- Convince your conveyancer to attempt to join the mortgage company panel
Me and my partner are buying a apartment in Fleet. It might be a silly question but how we can trust a lawyer? On the day of competition we will need to deposit our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Please help - my lawyer says that defective lease insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Fleet?
The appropriate level of defective lease indemnity insurance depends on your lender. It would differ for example between Nationwide Building Society and Barnsley Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
How can we tell if a Fleet conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Fleet getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor conducting your conveyancing.
2 months have gone by following my purchase conveyancing in Fleet concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Is it possible to swap firm as I need to choose a firm on the Nationwide Building Society conveyancing list. I instructed a local conveyancing solicitor in Fleet five minutes from me but she is not approved by Nationwide Building Society
It would be our pleasure to help you find a conveyancing solicitor in Fleet on the Nationwide Building Society panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Fleet. In making use of search facility on this website, you can scrutinise charges for conveyancing solicitors in Fleet and beyond.
Can you offer any advice when it comes to finding a Fleet conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Fleet conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Fleet conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:
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Can they put you in touch with clients in Fleet who can give a testimonial?
I purchased a garden flat in Fleet, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Fleet with over 90 years remaining are worth £197,000. The ground rent is £55 per annum. The lease expires on 21st October 2080
You have 55 years remaining on your lease the likely cost is going to range between £31,400 and £36,200 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
What is the reason for my property lawyer requiring various items of identification ahead of starting selling or purchasing a property in Fleet?
Fleet conveyancing practitioners are duty bound by the Law Society, SRA, the Land Registry and current Money Laundering legislation to certify that the have checked the identity of their clients. It will also be a requirement of your bank where you are obtaining a mortgage. In addition they have to complete various forms, particularly those relating to SDLT and need to have details such as your full names, NI number and DOB.