Recently contacted my conveyancing solicitor in Much Wenlock who acted for me 18 months ago asking for a conveyancing quote based on the same type of home move (a leasehold residence and a freehold premises) of almost identical values with a home loan from Accord Mortgages Ltd. I am now being quoted double. Am I right to be tempted to shop around for an alternative firm of conveyancing solicitor?
The quote is fractionally on the high side. If you you were to look around you could decrease the fees slightly by as much as £125. That being said, providing that you were pleased with the service the firm gave you couldcome to regret choosing an an untested lawyer. Don't forget to ensure the solicitor can also act for Accord Mortgages Ltd. Do use our search tool to get a quote a Much Wenlock conveyancing firm on the Accord Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Much Wenlock.
I am only a couple days away from an exchange on a property in Much Wenlock and my parents have transferred the 10% deposit to my solicitor. I am now advised that as the deposit has not come from me my solicitor needs to make a notification to my mortgage company. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
The conveyancer is legally required to check with lender to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
My fiance and I are hoping to buy a newbuild apartment in Much Wenlock with a residential mortgage from HSBC Bank.We use our Much Wenlock conveyancing lawyer but HSBC Bank advised that his firm is not listed on their "panel". We have to appoint a HSBC Bank panel firm or keep our local solicitor and pay for one of their panel ones to act for them. This seems very unfair; Can we not simply insist that HSBC Bank use our lawyer?
Unfortunately,no. The home loan offered to you contains terms and conditions, one of which will be that conveyancers will be on the HSBC Bank conveyancing panel. in the past, most mortgage companies had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for HSBC Bank
A relative suggested that where I am purchasing in Much Wenlock I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Much Wenlock conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Much Wenlock around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Much Wenlock Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Much Wenlock Education with maps and statistics, Local Amenities and other useful information about Much Wenlock.
In my capacity as executor for the estate of my grandfather I am selling a residence in Cardiff but reside in Much Wenlock. My solicitor (who is 260 kilometers from merequires that I execute a statutory declaration ahead of completion. Could you suggest a conveyancing lawyer in Much Wenlock who can witness this legal document for me?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are Much Wenlock based
What can I expect to pay for conveyancing in Much Wenlock?
The amount you are charged for Much Wenlock conveyancing costs are likely to be calculated at:
- a set sum; or
- an hourly rate (i.e. the time spent on the particular case).
In practice very few Much Wenlock conveyancing practices invoice on an hourly basis