Just been in touch with my conveyancing lawyer in New Ferry who completed the legal work 18 months ago and wanted a conveyancing costs illustration based on an identical type of house sale & purchase (a leasehold residence and a freehold property) of similar values with a loan from TSB. It looks as though am now being quoted twice the amount. Should I hunt for a cheaper online firm of conveyancing solicitor?
The costs illustration is fractionally on the high side. If you you were to look around you could get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, providing that you were satisfied with the conveyancing the firm provided you mightcome to regret opting for an an unknown solicitor. If is important to ensure the firm can represent TSB. Do make use of our search tool to find a New Ferry conveyancing firm on the TSB approved list of lawyers, which can often include conveyancing solicitors in New Ferry.
After scouring online forums for a high-quality solicitor in New Ferry, most say that I must look for a CQS kitemarked solicitor. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in the legal transfer of properties, trusted by some of the UK's leading banks. Four years ago the Conveyancing Quality Scheme was officially recognised by the Building Societies Association (BSA). CQS is not a scheme offered by the Society for Licensed Conveyancers. New Ferry is one of the numerous areas of the UK where there are CQS solicitors.
I'm buying a new build house in New Ferry with a mortgage from Skipton Building Society. The builders refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not reveal to my lawyer about the side-deal as it could put at risk my loan with Skipton Building Society. Is this normal?.
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.
Due to the input of my in-laws I had a survey completed on a property in New Ferry before appointing solicitors. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some lenders tend refuse to give a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you contact us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in New Ferry. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are novice buyers - agreed a price, but the agent told us that the seller will only issue a contract if we appoint the agent's recommended solicitors as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family solicitor used to conveyancing in New Ferry
We suspect that the seller is not behind this request. If they require ‘a quick sale', alienating a motivated buyer is not the way to achieve this. Contact the sellers directly and explain that (a)you are motivated buyers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to instruct your preferred New Ferry conveyancing lawyers - not the ones that will give their estate agent a commission or meet his conveyancing thresholds demanded by HQ.
Builders have put forward a lawyer and I've sought an estimate from them. They are almost £400 cheaper than my own New Ferry solicitor. Should I use them?
Developers frequently have lists of conveyancing practitioners who expedite matters and who know the developer’s documentation and lawyer. Plenty of developers offer an inducement to choose their approved solicitor for this reason, any increased fees can be avoided and a developer won't put forward a conveyancing factory and run the risk of having the transaction stall when they want exchange in 28 days. A counter-argument for not agreeing to use the suggested solicitor is that they may be reluctant to 'push' your interests for fear of upsetting the housebuilder. If you worry that this may be the situation you should remain with your high street New Ferry property lawyer.