Our family solicitor has given a fee estimate £1350 for fixed fee conveyancing in Prestbury. I am hoping to sell a Victorian detached home for £225,000. This seems overpriced. Is it above the average fee for conveyancing in Prestbury?
The charges are a bit high. Where you are happy to expend time contrasting prices you may be able to reduce the fees slightly by as much as £125. That being said, you mightcome to regret opting for an an unknown solicitor. If is important to be sure that the conveyancer can represent your mortgage company. You can make use of our search tool to locate a Prestbury conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Prestbury.
Our grandson is buying a newly built flat in Prestbury with a home loan from Principality. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Principality conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Principality conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I have paid off my mortgage with Co-operative. I assume I don't need a Prestbury lawyer on the Co-operative panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
I am due to exchange contracts on my apartment. I had a double glazing fitted in June 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, RBS are being pedantic. The Prestbury solicitor who is on the RBS conveyancing panel is recommending indemnity insurance as a solution but RBS are insisting on a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS 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.
Co-operative have agreed my mortgage in principle, my offer on a house in Prestbury has been agreed to, what happens next?
Your estate agent will want to be informed of your lawyer's details (ensure that the conveyancing practitioners are on the bank’s approved list). Call up Co-operative or the broker and finish off any outstanding documentation. Co-operative will instruct a valuer who will get in contact with the estate agent or vendor to arrange an appointment. Once conducted (assuming no problems) it takes about a week to get a mortgage offer. Co-operative will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Prestbury.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Prestbury is the location of the property. Can you shed any light on this issue?
Flying freeholds in Prestbury are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Prestbury you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Prestbury may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I'm remortgaging my existing house to a BTL loan with Barclays Direct and intend to use the remaining equity as a down payment on another house. The neighborhood we are talking about is Prestbury. Will your solicitors be able to act for the two banks and tie in the transactions?
Make use of our comparison tool on this site to be sure that the conveyancers are approved by both banks. On the basis that they are the conveyancer should be able to simultaneously deal with the two deals but you should have a chat with you lawyer and specify your desired outcome and needs.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.