We were about to choose a conveyancing solicitor in Redcar and Cleveland listed by you but stumbled across alternative fee calculations via the web look less expensive – how come?
There are numerous solicitors advertising theoretically looks to be the cheapest conveyancing in Redcar and Cleveland. We suggest that you think long and hard about how important this transaction is to you that you are willing to be penny wise pound foolish with regard to the quality of the legal work. Many of them list a low quote to catch your eye but plant extra fees in the small print..
The Redcar and Cleveland conveyancing firm handling our Redcar and Cleveland conveyancing has uncovered an inconsistency when comparing the assumptions in the home valuation survey and what is in the legal papers for the property. My lawyer says that he is duty bound to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance appropriate?
Your solicitor must comply with the UK Finance Lenders’ Handbook specifications 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 both parties.
I am considering applying for a RBS mortgage for purchase of a newly converted (under development) in Redcar and Cleveland with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for RBS ?
There is nothing to stop you using your solicitor, but RBS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when buying a property in Redcar and Cleveland?
Unless a prior acquisition of the property took place after 12 October 2013 you may expect solicitors delivering conveyancing in Redcar and Cleveland to continue to suggest a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Redcar and Cleveland?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Redcar and Cleveland. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey carried out on a house in Redcar and Cleveland ahead of appointing solicitors. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders will refuse to issue a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you contact us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Redcar and Cleveland. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Redcar and Cleveland to see if the conveyancing costs will increase in light of this.