Just contacted my conveyancing lawyer in Kesgrave who completed the legal work two years ago and wanted a conveyancing estimate based on the same type of house sale & purchase (a leasehold residence and a freehold premises) of similar values with a loan from Bank of Scotland. It looks as though am now being charged twice the amount. Am I right to be tempted to shop around for a cheaper internet firm of conveyancing solicitor?
The costs illustration is fractionally on the steep side. If you you were to look around you might decrease the fees slightly by as much as £100 plus VAT. That being said, providing that you were content with the service the firm gave you mightlive to rue opting for an an unknown conveyancer. Remember to enquire the conveyancer can also act for Bank of Scotland. Do make use of our search tool to select a Kesgrave conveyancing firm on the Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in Kesgrave.
In what way does my ID and proof of funds have anything to do with my conveyancing in Kesgrave? What am I being asked for?
Kesgrave conveyancing solicitors and indeed property practitioners throughout the UK have a duty under money laundering regulations to check the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill no more than three months).
Evidence of source of monies is also necessary under the money laundering statutes as lawyers are mandated to investigate that the monies you are using to acquire a property (be it the exchange deposit or the total purchase amount if you are a cash purchaser) has originated from a reputable source (such as an inheritance) as opposed to the product of illegitimate activity.
After months of negotiation I have agreed a price on an apartment in Kesgrave. My financial adviser recommended their conveyancers. I paid an on account payment of £175. Soon after, the property lawyer contacted me embarrassingly acknowledging that they were not on the Aldermore 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 Aldermore 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 instructed a Kesgrave conveyancing practitioner having checked that they are on the Principality conveyancing panel. Does my lawyer arrange the survey of the property?
Principality will need an independent valuation of the property. Your lawyer will not arrange this. Usually Principality 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 Kesgrave 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.
Skipton have agreed my home loan in principle, my offer on a property in Kesgrave has been accepted, now what?
Your estate agent will need to know who your solicitors are (make sure the conveyancing practitioners are on the lender’s approved list). Call up Skipton or your financial adviser and finish off any outstanding paperwork. Skipton will appoint a valuer who will get in touch with the estate agent or seller to arrange an appointment. Once carried out (assuming no problems) it takes approximately a week to get a mortgage offer. Skipton will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Kesgrave.
Do commercial conveyancing searches reveal impending roadworks that may affect a commercial premises in Kesgrave?
Its becoming the norm that commercial conveyancing solicitors in Kesgrave will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Kesgrave. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Kesgrave.
For each commercial conveyancing transaction in Kesgrave it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to Kesgrave commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Kesgrave.
Are there restrictive covenants that are commonly identified as part of conveyancing in Kesgrave?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Kesgrave. 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…’
Due to the input of my in-laws I had a survey completed on a house in Kesgrave before appointing conveyancers. I have been told that there is a flying freehold element to the property. The surveyor has said that some mortgage companies will not grant a mortgage on such a property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you contact us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kesgrave. Conveyancing may be slightly more expensive based on your lender's requirements.