My partner’s sister is a solicitor. I hope that I'll be able to get friends and family rates for conveyancing, However if that does not come through, what kind of costs would I typically be looking at for conveyancing in Potswood?
It’s wise to look for two or three conveyancing estimates. Do use our search tool on this page. Whilst fees seem to contrast greatly but the service one can expect differ between property lawyers as is the case with most professions.
We are approaching an exchange on a house in Potswood and my mum and dad have sent the exchange deposit to my conveyancer. I am now told that as the deposit has been sent from someone other than me my property lawyer needs to make a notification to my bank. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I advised the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
Your solicitor is obliged to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Why is leasehold purchase conveyancing in Potswood is more expensive?
In short, leasehold conveyancing in Potswood and Hampshire usually warrants additional work compared to freehold conveyancing. This includes lease investigation, communicating with the landlord about serving applicable notices, securing current service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
We are purchasing a property in Potswood. It might be a silly question but how we can trust a lawyer? On completion day we will need to send money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We had selected solicitors located in Potswood on the Leeds Building Society solicitor panel. They are now charging me a supplemental fee for dealing with the Leeds Building Society mortgage. Is this an additional conveyancing fee set by Leeds Building Society?
As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your conveyancer is entitled to levy a fee for this. The charge is not dictated by Leeds Building Society but by your Potswood conveyancing practitioner. Some firms on the Leeds Building Society panel will quote an ‘acting for lender’ fee but some practices incorporate it on their overall fee.
I am due to exchange contracts on my apartment. I had a double glazing fitted in September 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Kent Reliance are being difficult. The Potswood solicitor who is on the Kent Reliance conveyancing panel is recommending indemnity insurance as a solution but Kent Reliance are insisting on a building regulation certificate. Why do Kent Reliance have a conveyancing panel if they don't accept advice from them?
It is probably the case that Kent Reliance have referred the matter to their valuer. The reason why Kent Reliance 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.
I have been told that property searches are the primary reason for hinderance in Potswood house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Searches are unlikely to feature in any holding up conveyancing in Potswood.
What can I do to find out who owns a house in Potswood?
As long as the premises is recorded at HMLR, and you have enough information of the location of the premises, you should be able to view details from the HMLR of the registered proprietor for a for less than a fiver.