Our family solicitor has quoted just over a thousand pound for fixed fee conveyancing in Lincoln. I’m selling a Victorian detached home for £275,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Lincoln?
The quote is fractionally on the expensive side. If you shop around you could get the conveyancing a bit cheaper by say a hundred pounds. That being said, you couldlive to regret choosing an an unknown lawyer. Remember to enquire that the solicitor can represent your mortgage company. You can utilise our comparison tool to find a Lincoln conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Lincoln.
When it comes to mortgage companies such as Nottingham, do Lincoln lawyers face a fee to be on the conveyancing panel?
We are unaware of any bank fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
I was told four weeks ago that my mortgage has been agreed to by RBS. Is it usual for RBS to only issue the offer once my solicitor in Lincoln is approved on their conveyancing panel? RBS have asked my solicitor to see a copy of their PI Insurance.
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 RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
My sealed bid on a house in Lincoln has been agreed to, but there is a chain. The vendors have put an offer on a property, however it’s not yet tied up, and are looking at other flats booked. I have selected a nearby conveyancing solicitor in Lincoln. What do I do now? At what stage should I apply for the mortgage with RBS?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx one thousand pounds, then survey, Lincoln conveyancing search fees, etc). First, you must check that your solicitor is on the RBS approved list. Regarding the next stages this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. In a hot market some purchasers will apply for the mortgage with RBS and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to press on with the conveyancing in Lincoln.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Lincoln. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Lincoln
-
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
What makes your site different to other web based conveyancing brokers for conveyancing in Lincoln?
At this site get an accurate quote via a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Lincoln. Unlike many estate agents and many comparison sites we do not have kick-back deals with solicitors. A large number of agents and online brokers 'recommend' the firm who pay the highest commission, as opposed to the best value conveyancing in Lincoln
Having had my offer accepted I require leasehold conveyancing in Lincoln. Before I get started I require certainty as to the remaining lease term.
If the lease is registered - and 99.9% are in Lincoln - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Lincoln - Examples of Queries Prior to buying
-
How many of the leaseholders are in arrears for their maintenance charge payments? Is there a share of the freehold? Does the lease include onerous restrictions?
I am purchasing a maisonette and cash is in place. My solicitor has been given with two separate proof of photographic identification, bank statement, endless utility bills. Now he wants a copy from a probate lawyer acknowledging that the money is legitimate and that it has come from inheritance and not via illegitimate means.
In today’s world you will not be able to complete any Lincoln conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Proof of your source of funds is required under Money Laundering Regulations.