My previous solicitor has sent a quote for £1700 for fixed fee conveyancing in Minehead. I am looking to sell a Georgian house for £250,000. Are these estimated fees excessive? Is it above the norm for conveyancing in Minehead?
The quote is fractionally on the expensive side. If you shop around you could reduce the fees marginally by as much as a hundred pounds. On the other hand, you mightlive to regret choosing an an untested solicitor. Remember to enquire that the solicitor can also act for your bank. You can employ our search tool to select a Minehead conveyancing company on the banks member panel which can often include conveyancing solicitors in Minehead.
Why is leasehold purchase conveyancing in Minehead is more expensive?
Minehead leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am purchasing a terraced house in Minehead. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Minehead you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Minehead.
I acquired my house on 11 March and my personal details is not yet registered. Should I be concerned? My conveyancing solicitor in Minehead expressed confidence that it will be formalised in a couple of weeks. Are properties in Minehead particularly slow to register?
As far as conveyancing in Minehead is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timescales can differ subject to the party submitting the application, whether there are errors and whether the Land registry need to notify any third persons or bodies. At present approximately 80% of submission are fully addressed in less than three weeks but occasionally there can be protracted delays. Historically registration takes place once the new owner is living at the premises thus 'speed' is not always an essential issue yet where there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
I am purchasing a new build house in Minehead with a loan from TSB. The sellers would not budge the price so I negotiated 6k of extras instead. The property agent told me not inform my lawyer about this deal as it would impact my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been sourcing a conveyancing practitioner in Minehead for my house move. Is there any facility to review a solicitor's record with the legal regulator?
One can review published Solicitor Regulator Association (SRA) decisions arising from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes monitor call for training purposes.