My family lawyer has sent a quote for £1200 for no sale no fee conveyancing in Mudeford. I’m looking to sell a Edwardian detached home for £300,000. Is this overpriced? Is it in excess of the norm for conveyancing in Mudeford?
The estimate does seem a tad steep. If you shop around you could reduce the fees marginally by say £125. On the other hand, you mightlive to rue choosing an an untested conveyancer. Remember to be sure the firm can represent your bank. Do utilise our comparison tool to select a Mudeford conveyancing company on the banks member panel which can often include conveyancing solicitors in Mudeford.
I have given 8 weeks notice to my existing landlord and must vacate my let out apartment in Mudeford by 17/10/2025. Conveyancing on my purchase has just started. Is it possible to complete in a couple of weeks as don't want to have to find short term accommodation?
The normal practice is not to provide notice for your letting unless you have exchanged. Assuming that you have not already done so, update to your lawyer and urge them to they apply pressure on the other lawyers, try to an acceptable time-line that everyone will look to achieve
We note that you have a search directory listing solicitors on the Coventry BS conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Mudeford?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Mudeford.
Please explain the implications if my solicitor is expelled from the Virgin Money Conveyancing panel ahead of completing my conveyancing in Mudeford?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I am buying a new build house in Mudeford with a mortgage from HSBC Bank. The developers refused to move on the amount so I negotiated 6k of extras instead. The house builders rep advised me not to tell my conveyancer about the extras as it will jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Are there common problems that you see in leases for Mudeford properties?
There is nothing unique about leasehold conveyancing in Mudeford. Most leases are unique and legal mistakes in the legal wording can result in certain sections are wrong. The following missing provisions could result in a defective lease:
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A provision to repair to or maintain parts of the premises
You will have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Skipton Building Society, and TSB all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, forcing the purchaser to pull out.
Mudeford Leasehold Conveyancing - A selection of Queries Prior to Purchasing
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You should be aware if it is fewer than 80 years it will impact the salability of the property. It is worth checking with your lender that they are happy with remaining years on the lease. Leases with less than 80 years remaining means that you will probably have to extend the lease sooner rather than later and it is worth finding out how much this will be. For most Mudefordlease extensions you will need to own the premises for two years in order to be eligible to carry out a lease extension. How much is the ground rent and service charge? The majority of Mudeford leasehold apartments will be liable to pay a service charge for the upkeep of the building set by the landlord. Should you acquire the flat you will have to pay this amount, normally in instalments throughout the year. This may differ from a few hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all likelihood there will be a rentcharge for you to pay annual, this is usually not a exorbitant figure, say approximately £50-£100 but you need to enquire as occasionally it could be many hundreds of pounds.