We opted for a high street lawyer for our conveyancing in Radstock last week. Upon checking the Terms and Conditions it is apparent thatI am responsible for costs even where the conveyance does not complete. Would I be best advised to instruct a web based conveyancing brokerage who offer no completion no charge conveyancing in Radstock?
It is usually a trade off in that if "No Sale No Fee" is available then the fee levels will tend to be be uplifted to cover those conveyances that do not go ahead. Do bear in mind that such arrangements tend not to protect you from outlay by way of example Radstock conveyancing search expenses.
We are about to sign contracts for a garden flat in Radstock. We have hit a stumbling block. The mortgage offer with Lloyds TSB Bank expires on 7/7/2025 but the owners are suggesting a completion date of 9/7/2025. Can one extend the loan expiry date?
The person best placed to address this issue is your solicitors who will assess if he or she is should be discussing with the lender, vendor’s representatives, property agents or possibly all parties based on what has happend in your conveyancing as of today.
As someone unfamiliar with the Radstock conveyancing process what’s the number one tip you can give me concerning the ownership transfer in Radstock
You may not hear this from too many lawyers but conveyancing in Radstock or throughout England and Wales is often a confrontational process. In other words, when it comes to conveyancing there is plenty of opportunity for friction between you and other parties involved in the legal transfer of property. E.g., the seller, estate agent and sometimes the mortgage company. Selecting a lawyer for your conveyancing in Radstock an important selection as your conveyancer is your adviser, and is the SOLE party in the transaction whose interest is to act in your best interests and to keep you safe.
Sometimes a third party with a vested interest may try and convince you that it is in your interests to do things their way. As an example, the estate agent may claim to be helping by claiming that your lawyer is dragging his heels. Or your financial adviser may advise you to do something that is against your conveyancers advice. You should always trust your lawyer above all other parties in the home moving process.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Radstock. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 6/5/2025, the requirements read as follows :
I have paid off my mortgage with Co-operative. I assume I don't need a Radstock lawyer on the Co-operative panel to remove the mortgage at the Land Registry. Am I right?
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
Intending to buy a house in Radstock. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Radstock solicitor is on the Lloyds conveyancing panel.
I have finally had an offer on a flat in Radstock accepted, the vendors do however have a tied purchase. The owners have placed an offer on a flat, however it’s not yet agreed to, and have viewings of other flats in the pipeline. I have instructed a high street conveyancing solicitor in Radstock. What do I do now? At what stage should I apply for the mortgage with Nationwide?
It is usual to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is in the region of one thousand pounds, then survey, Radstock conveyancing search costs, etc). The first course of action is to ensure that your property lawyer is on the Nationwide conveyancing panel. Concerning the next stages this very much depends on the uniqueness of your transaction, attraction to the property and on the state of the market. During a hot market many buyers would apply for a home loan with Nationwide and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with the conveyancing in Radstock.
It has been 4 months following my purchase conveyancing in Radstock concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.