Just contacted my conveyancing solicitor in Ravensthorpe who completed the legal work two years ago asking for a conveyancing quote based on an identical type of house sale & purchase (a leasehold premises and a freehold property) of almost identical values with a mortgage from Chelsea Building Society. It looks as though am now being charged double. Should I hunt for an alternative property lawyer?
The charges are a little high. Where you are content to invest time scrutinising costs you may be able to reduce the fees marginally by perhaps £125. On the other hand, assuming were content with the legal work the firm provided you couldlive to regret choosing an an untested lawyer. If is important to enquire that the conveyancer can represent Chelsea Building Society. You can make use of our search tool to choose a Ravensthorpe conveyancing firm on the Chelsea Building Society approved list of lawyers, which can often include conveyancing solicitors in Ravensthorpe.
We see that you have a search directory identifying law firms on the Co-operative conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Ravensthorpe?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Ravensthorpe.
This question may be naive but I am wet behind the ears as a first time buyer of a two bedroom flat in Ravensthorpe. Do I receive the keys to the premises on the completion date from my lawyer? If so, I will appoint a High Street conveyancing solicitor in Ravensthorpe?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the seller's solicitors, and shortly after the monies have arrived, you will be invited to collect the keys from the property Agents and move into your new home. Usually this occurs between 1 and 3pm.
I happen to be the single beneficiary of my late mum's estate and I have everything in my name now, including the my former home in Ravensthorpe. Conveyancing formalities meant that the Land Registry date was in January. I plan to dispose of the property. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership will be treated the same way as though I had purchased the property in January. Will no one buy the property for half a year?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. many banks would take a pragmatic view as this obligation chiefly exists to identify subsales or the wholesaling and assigning of properties.
I've read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Ravensthorpe solicitor - who is on the Barclays conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Ravensthorpe postcode. As you are getting a mortgage with Barclays, you could contact them to see if they have a list of approved surveyors in Ravensthorpe.
How does conveyancing in Ravensthorpe differ for newly converted properties?
Most buyers of new build or newly converted property in Ravensthorpe contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because house builders in Ravensthorpe usually acquire 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 used to new build conveyancing in Ravensthorpe or who has acted in the same development.
We're FTB’s - agreed a price, yet the selling agent informed us that the vendor will only proceed if we instruct their recommended conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local solicitor accustomed to conveyancing in Ravensthorpe
It is improbable the vendors are driving this. If they desire ‘a quick sale', turning down a serious buyer is not the way to achieve this. Contact the vendors directly and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you are chain free (d) you intend to proceed fast (e)but you will continue to use your preferred Ravensthorpe conveyancing solicitors - as opposed tothose that will earn their estate agent a introducer fee or hit his conveyancing thresholds pre-set by head office.
Is there a distinction between surveying and conveyancing in Ravensthorpe?
Conveyancing - in Ravensthorpe or anywhere in England and Wales - is the legal term given to transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re purchasing and will help you discover the condition of the building and, if there are problems, give you a powerful reason for negotiating the buying price down or asking the vendor to fix the defects prior to you move in.