We were about to retain a conveyancing solicitor in Market Drayton listed by you but have come across some other costs illustrations via the web seem cheaper – why is this?
One can find many firms of conveyancers marketing theoretically looks to be the cheapest conveyancing in Market Drayton. We suggest that you give due consideration about how much you respect your own move to want to take 'cheap' risks concerning the standard of the conveyancing. Many of them accentuate a budget quote to catch your eye but bury supplemental costs in the fine print..
We are about to exchange contracts for a semi detached house in Market Drayton. We encountered a stumbling block. The loan offer with Virgin Money expires on 8/7/2025 but the vendors are putting forward a completion date of 10/7/2025. Is it possible to extend the mortgage offer?
The best person to deal with your question is your lawyer who will hopefully calculate whether they corresponding with the mortgage broker, owner’s lawyers, estate agents or indeed all parties taking into account the history of your house move to date.
Is it the case that all Market Drayton solicitor practices on the Clydesdale conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Clydesdale conveyancing panel they would need to be overseen by the SRA. Some mortgage companies do allow licenced conveyancers on their panel in which case such practice would be governed by the Council of Licensed Conveyancers.
I recently had an offer agreed on an apartment in Market Drayton. My mortgage broker suggested a property lawyer. I paid an on account payment of £225. A couple of days later, the property lawyer contacted me sheepishly admitting that they were not on the Virgin Money 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 Virgin Money 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 Market Drayton conveyancer having made sure that they are on the Co-operative conveyancing panel. Does my lawyer arrange the survey of the property?
Co-operative will need an independent valuation of the property. Your lawyer will not arrange this. Usually Co-operative 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 Market Drayton 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.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Market Drayton is where the house is located. Is there any guidance you can give?
Flying freeholds in Market Drayton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Market Drayton you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Market Drayton may determine 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 property.
Is it best to appoint a Market Drayton conveyancing practitioner who is local to the property I am buying? I have an old university friend who can carry out the legal formalities but her office is a couple of hundredkilometers away.
The benefit of a high street Market Drayton conveyancing firm is that you can drop in to sign documents, present your identification documents and pester them where appropriate. Having local Market Drayton know how is a bonus. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were content that must surpass using an unknown Market Drayton conveyancing solicitor just because they are Market Drayton based.
Is there a difference between surveying and conveyancing in Market Drayton?
Conveyancing - in Market Drayton or elsewhere - is the process of legally transferring legal title of property from one person to another. It involves the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re intending to buy and will help you find out about the condition of the building and, if there are problems, give you leverage for negotiating the purchase price down or asking the vendor to remedy the defects prior to you complete your move.