My family solicitor has given a fee calculation of £1350 for no sale no fee conveyancing in Harold Park. I am looking to sell a Georgian detached home for £125,000. Are the quoted fees excessive? Is it in excess of the norm for conveyancing in Harold Park?
The charges are a bit high. If you are happy to invest time comparing charges you may be able to decrease the fees marginally by perhaps £100 plus VAT. That being said, you mightlive to regret opting for an an unknown solicitor. Don't forget to ensure that the firm can act for your bank. Do utilise our comparison tool to select a Harold Park conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Harold Park.
Some advice if I may. My Harold Park lawyer is informing me me that she is duty bound toorder Harold Park conveyancing searches becausethe firm are on the Virgin Moneyapproved lawyer panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. As you are obtaining a home loan with a bank your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Harold Park conveyancing searches.
I am assisting my mother sell her house in Harold Park. Does the conveyancing solicitor arrange the energy assessment or do I organise this?
Following the demise of Home Information Packs, energy assessments became a required element of moving property. An energy performance certificate needs to be to hand before the property is put on the market. It is not as aspect of the sale process that law firms ordinarily organise. If you are instructing a Harold Park conveyancing practitioner they might be willing to arrange energy performance certificates given their contacts with long established local energy assessors
Can you help - my lawyer says that lack of planning permission insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Harold Park?
The appropriate level of lack of planning permission indemnity insurance depends on who your lender is. It would differ for example between HSBC Bank and Chelsea Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.
I have paid off my mortgage with Nottingham. I assume I don't need a Harold Park conveyancer on the Nottingham panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham 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 Nottingham mortgage from the register. Nottingham, 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 Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
three months have gone by following my purchase conveyancing in Harold Park completed. I have checked the Land Registry website which shows that I paid £200,000 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 premises 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.
I decided to have a survey carried out on a house in Harold Park ahead of retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some lenders tend not issue a mortgage on such a home.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Harold Park. Conveyancing may be slightly more expensive based on your lender's requirements.
My brother mentioned that when choosing a conveyancing firm they need approved by your lender. I am first time buyer with but I have an AIP via Santander and I already have a local conveyancing solicitor in Harold Park on standby. Does HSBC need an approved conveyancer to be instructed? Does a list of approved conveyancers even exist for my conveyancing in Harold Park?
You should use a solicitor that is on the HSBC panel. The first thing to do is call your preferred Harold Park conveyancing lawyer and ask if they are on the HSBC panel. If they are not approved you have a number of alternatives available to you here:
- Proceed with your existing Harold Park solicitor but HSBC will undoubtedly retain a lawyer on their conveyancing panel. This will result in additional cost together with probable frustration.
- Choose a new conveyancing practitioner to conduct the conveyancing, not forgetting to check that they are on the HSBC conveyancing panel.
- Convince your solicitor to pull out all the stops to join the HSBC conveyancing panel.