My best friend’s brother is a property lawyer. I expect that I'll be able to get mate’s pricing for conveyancing, However if that does not come materialise, what level of costs would I typically be looking at for conveyancing in Portslade?
It’s a good idea to seek 3 or more like-for-like conveyancing estimates. Do use our comparison tool on this page. You will notice that amounts do vary but service levels do differ between solicitors as is true with the vast majority of professional services.
My Portslade solicitor has discovered an inconsistency when comparing the surveyor’s assumptions in the valuation survey and what is in the legal papers for the property. My solicitor informs me that he must ensure that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s approach appropriate?
Your conveyancing practitioner 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 you.
We previously instructed conveyancers with offices in Portslade on the TSB solicitor panel. They are now charging me a separate sum for handling the TSB mortgage. Is this a supplemental conveyancing fee set by TSB?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your lawyer is entitled to charge a fee for this. This fee is not set by TSB but by your Portslade property lawyer. Some firms on the TSB panel will levy an ‘acting for lender’ fee and others do not.
We have agreed to purchase a house in Portslade. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Aldermore be concerned?
As your lender is Aldermore your lawyer must follow the conveyancing instructions contained in Part 2 of UK Finance Lenders’ Handbook for Aldermore. The CML Handbook sets out minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Aldermore where a lease fails to satisfy these requirements. The specifications relate to the installation of panels on properties in England and Wales and is not limited to Portslade.
I am due to exchange contracts on my flat. I had a double glazing fitted in September 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Bank of Ireland are being difficult. The Portslade solicitor who is on the Bank of Ireland conveyancing panel is saying indemnity insurance will be fine but Bank of Ireland are insisting on a building regulation certificate. Why do Bank of Ireland have a conveyancing panel if they don't accept advice from them?
It is probably the case that Bank of Ireland have referred the matter to their valuer. The reason why Bank of Ireland may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
How does conveyancing in Portslade differ for newly converted properties?
Most buyers of new build property in Portslade come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Portslade tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Portslade or who has acted in the same development.
I need to find a conveyancing solicitor for my conveyancing in Portslade. I've land on a web site which looks to be the perfect offering If it is possible to get all the legals completed via web that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We have instructed a Portslade conveyancing solicitor for our house purchase (first time buyers) and have spotted in the engagement letter that they are not governed by the FCA. Am I right to be worried or is that standard with conveyancer?
We can't see why they should be. Most conveyancer don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who have specific stipulations in relation to funds held on client account.