I am in the throes of swapping over from my current residential mortgage to a Buy to Let Chelsea Building Society mortgage. I have been informed by my broker that I must appoint a solicitor for this. I spoke to the same Needham Market conveyancing firm who acted on my behalf when I originally bought the premises. The fee calculation they've given of £450 plus VAT has surprised me as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The charges are a little high. Where you are content to expend time comparing quotes you may be able to reduce the fees marginally by perhaps £100 plus VAT. That being said, providing that you were satisfied with the legal work the firm gave you couldlive to regret choosing an a cheaper lawyer. Remember to enquire that the firm can represent Chelsea Building Society. Do use our search tool to find a Needham Market conveyancing firm on the Chelsea Building Society member panel, which can often include conveyancing solicitors in Needham Market.
AssumingI was to buy a freehold housein Needham Market for cash and have no survey and no local authority searches how much could I expect to have to pay for conveyancing in Needham Market?
Any savings you would gain would be limited to the Needham Market conveyancing searches. The solicitor still be obliged to do everything else - money laundering, liaising with the sellers conveyancer, SDLT submission, register the property etc. A marginal saving might be made by not needing to register a charge but it will not be a lot.
We see that you have a post code search directory listing law firms on the Skipton conveyancing panel. Do companies pay you a referral fee if I appoint them for our conveyancing in Needham Market?
We are a listing service only for law firms wishing to communicate if they are on the Skipton conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Needham Market.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Needham Market?
There are two types of lawyers who can perform conveyancing in Needham Market namely licenced conveyancers or solicitors. The two can provide the legal services that required to complete the sale or purchase of property. They are both obliged to perform Needham Market conveyancing to the same quality and guidelines so you may be sure that your conveyancing will be professionally carried out and that the necessary procedures will be appropriately taken.
My partner and I have arranged the release of further monies on our home loan from Coventry BS as we want to conduct renovations to our property in Needham Market. Are we obliged to select a bricks and mortar Needham Market solicitor on the Coventry BS conveyancing panel to handle the legals?
Coventry BS would not normally instruct a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS conveyancing panel.
We have a mortgage agreed in principle with Barclays. Needham Market conveyancing practitioners were instructed. What is the average time that one could expect to receive a mortgage offer from Barclays?
There is no definitive answer here. Have Barclays completed the valuation? Have you advised Barclays as to your lawyers' details and checked that your lawyers are on the Barclays conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have been told that property searches are the main reason for hinderance in Needham Market conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of slowing down conveyancing in Needham Market.
I decided to have a survey carried out on a house in Needham Market ahead of appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some banks will not issue a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you e-mail us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Needham Market. Conveyancing will be smoother if you use a solicitor in Needham Market especially if they are accustomed to such properties in Needham Market.