My family solicitor has quoted £995 for no sale no fee conveyancing in New Waltham. I am selling a Georgian detached home for £275,000. Are the quoted fees excessive? Is it in excess of the average fee for conveyancing in New Waltham?
The costs illustration is slightly on the steep side. If you are willing to invest time scrutinising fee on a like for like basis you may be able to get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, you mightcome to rue choosing an a cheaper solicitor. If is important to enquire that the conveyancer can also act for your lender. You can make use of our search tool to get a quote a New Waltham conveyancing practice on the banks member panel which can often include conveyancing solicitors in New Waltham.
The New Waltham conveyancing firm handling our New Waltham conveyancing has discovered an inconsistency between the surveyor’s assumptions in the valuation report and what is revealed within the conveyancing documents. My lawyer informs me that he must ensure that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s stance correct?
Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Completed the sale of my flat in New Waltham last April but the buyer keeps Skype messaging me complaining that her solicitor needs to hear from mylawyer. What should have happened now that I have sold?
After completion of your house sale your conveyancer should deliver the transfer deeds and all additional paperwork to the buyer’s conveyancer. Where relevant, your solicitor should also confirm that the home loan has been discharged to the buyers conveyancers. There are no post completion requirements specific conveyancing in New Waltham.
We are planning to move home in March. Should my conveyancing solicitor call the removal company on the day of completion. On a separate note, can you recommend a removal company in New Waltham. Conveyancing firm was chosen before I stumbled across your page.
On the afternoon of completion you will need to collect the keys from your selling agent but this should only take place when the vendors lawyers confirm to the agent that the monies to complete are in and the keys can be handed over. Subsequently you can inform the removal men that you are ready to move in. As a matter of policy we do not suggest a particular removal organisation but can assist you in finding a residential property solicitor in New Waltham or a firm that specialises in conveyancing in New Waltham.
is it true that all New Waltham solicitor practices on the Leeds Building Society conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Leeds Building Society approved list of solicitors they would need to be regulated by the SRA. Many mortgage companies do permit licenced conveyancers on their panel and in that case the firms would be overseen by the CLC.
I recently had an offer accepted on a house in New Waltham. My financial adviser suggested a conveyancing practitioner. I paid an on account payment of £175. A few days later, the solicitor contacted me to say that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I used Stirling Law several years ago for my conveyancing in New Waltham. I now require my papers but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in New Waltham of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Last July I purchased a leasehold house in New Waltham. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a split level flat in New Waltham, conveyancing was carried out 10 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in New Waltham with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease runs out on 21st October 2091
With just 66 years unexpired we estimate the price of your lease extension to be between £12,400 and £14,200 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.