I was recommended to a conveyancer who has sent a quote for £1400 for fixed fee conveyancing in Newent. I’m selling a Victorian property for £300,000. This seems expensive. Is it in excess of what I should be paying for conveyancing in Newent?
The charges are a little high. If you are prepared to expend time comparing prices you might decrease the fees marginally by perhaps £125. That being said, you mightcome to rue choosing an a cheaper lawyer. Don't forget to ensure that the firm can represent your mortgage company. You can make use of our search tool to choose a Newent conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Newent.
I'm the only beneficiary of my late father’s will and I have everything in my name now, including the house in Newent. The Newent property was put into my name in January. I plan to dispose of the house. I do know about the Mortgage Lenders 6 month 'rule', meaning my property ownership could be considered the same way as if I'd bought the property in January. Do I have to wait 6 months to sell?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How practical a view lenders take of it, depend on the lender as this obligation is chiefly there to identify the purchase and immediately sell or the quick reselling of property.
Can you point me to a directory of Kent Reliance panel conveyancers in Newent on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings open the public over the internet. If you are in need of a Newent lawyer on the Kent Reliance please make the most of our tool.
We had chosen solicitors with offices in Newent on the Co-operative solicitor panel. They are now charging me an additional sum for handling the Co-operative mortgage. Is this an additional conveyancing fee specified by Co-operative?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancer can charge a fee for this. The charge is not dictated by Co-operative but by your Newent conveyancer. Plenty of firms on the Co-operative panel will quote an ‘acting for lender’ fee but many practices include it on their overall fee.
Should our conveyancer be raising enquiries about flooding during the conveyancing in Newent.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Newent. There are those who purchase a house in Newent, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, but there are a number of checks that may be undertaken by the purchaser or by their conveyancers which should figure out the risks in Newent. The standard information sent to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the owner to find out if the property has historically flooded. In the event that flooding has previously occurred which is not disclosed by the seller, then a purchaser could bring a compensation claim stemming from an inaccurate reply. A buyer’s lawyers should also order an enviro report. This will reveal whether there is a recorded flood risk. If so, additional investigations should be initiated.
I decided to have a survey done on a house in Newent before instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some lenders may refuse to grant a mortgage on such a home.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Newent. Conveyancing will be smoother if you use a solicitor in Newent especially if they regularly deal with such properties in Newent.
Given that I will soon part with hundreds of thousands of pounds on a two bedroom apartment in Newent I would like to talk to a solicitor about mytransaction ahead of giving the go ahead to the firm. Can this be arranged?
We could not agree more - it is our preference to talk to you we do not take any clients on without you liaising with the lawyer who will be conducting your conveyancing in Newent.There is no ‘factory style conveyancing’ - each client is unique person, not a matter number. The practices that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Newent should be the amount on the final invoice that you end up paying.
I have been advised by many estate agents to expect six to eight weeks for Newent conveyancing to complete.This was four weeks ago. The property information was only sent from the vendors lawyer yesterday so does the clock start running now?
Do not bank on moving on a specific date until contracts are exchanged. Whatever assurances the people you are acquiring from or selling to make, or your conveyancer gives don't count on them. More frustration is caused to home movers by unfulfilled assurances than any other factor when it comes to conveyancing in Newent.