Our family lawyer has sent a quote for just over a thousand pound for no move no fee conveyancing in Lee. I’m selling a Georgian detached home for £250,000. This seems expensive. Is it in excess of the norm for conveyancing in Lee?
The estimate does seem marginally steep. Where you are happy to expend time comparing quotes you could get the conveyancing a bit cheaper by perhaps £125. On the other hand, you couldcome to rue opting for an an untested conveyancer. If is important to enquire that the solicitor can act for your lender. Do make use of our search tool to choose a Lee conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Lee.
We are only a couple days away from an exchange on a house in Lee and my parents have sent the ten percent deposit to my property lawyer. I am now advised that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my bank. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
The solicitor is duty bound to check with lender to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Have just purchased a repossessed house at auction in Lee. Conveyancing is needed. What is next?
Having legally bound yourself to purchase you will need to choose a conveyancing solicitor quickly as you are facing a pending a drop dead date to complete the transaction. All auction property should have an associated legal pack. This should include evidence of title and search results. Where you are dealing with leasehold premises the auction pack should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You should give this to your appointed conveyancing solicitor as soon as possible. Do make sure that you have funds in order to complete the transaction on the set completion date.
Last month we had a mortgage agreed in principle with Coventry BS. Lee conveyancing solicitors have been appointed. How long does it take for Coventry BS to forward the offer to the property lawyer?
There is no definitive answer here. Have Coventry BS done the valuation? Have you informed Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I was told four weeks ago that my mortgage has been agreed to by Aldermore. Is it usual for Aldermore to only issue the offer once my solicitor in Lee is approved on their conveyancing panel? Aldermore have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.
Will commercial conveyancing searches disclose impending roadworks that could impact a commercial estate in Lee?
Many commercial conveyancing solicitors in Lee will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Lee. The search result sets out definitive data 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 Lee.
For every commercial conveyancing transaction in Lee it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to Lee commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in Lee.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a simple, chain free conveyancing. Lee is where the house is located. Can you offer any advice?
Flying freeholds in Lee are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lee you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lee may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Why is New Build conveyancing in Lee more expensive?
Purchasing a brand new premises is significantly different from the normal house purchase conveyancing in Lee. Firstly sellers ordinarily insist contracts to exchange inside a short timeframe, so there is a lot of pressure on your conveyancing practitioner to make sure all is in order. In addition new build premises frequently involve the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Lenders obligations are also more demanding. Due to the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.