My previous lawyer has given a fee calculation of £1400 for fixed fee conveyancing in Salford. I’m hoping to sell a Georgian property for £150,000. Are the quoted fees excessive? Is it in excess of the average fee for conveyancing in Salford?
The quote is slightly on the expensive side. If you shop around you may be able to shave off some of the cost by say £100 plus VAT. That being said, you couldcome to rue choosing an a cheaper solicitor. Remember to ensure the conveyancer can also act for your lender. Do make use of our comparison tool to locate a Salford conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Salford.
My partner and I changing mortgage lender for our flat in Salford with Nottingham. We have a son 19 who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have a couple of questions (1) Is this form unique to the Nottingham conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) Does our son by signing this extinguish his rights to inherit the property?
First, rest assured that your Nottingham conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Nottingham. This is solely used to protect Nottingham if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Nottingham had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Our bank has recommended solicitors on their panel based in Salford but I would rather use a conveyancing lawyer in Salford round the corner to me. Are you able to help?
It is by no means the case that all Salford conveyancing solicitors are on all lender’s conveyancing panel. Use the above search tool to choose a Salford conveyancing solicitor on the on the mortgage company panel.
How does conveyancing in Salford differ for newly converted properties?
Most buyers of new build property in Salford approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Salford typically purchase the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Salford or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Salford is the location of the property. Can you offer any advice?
Flying freeholds in Salford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Salford you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Salford may decide 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.
What is the best way of identifying a value for money conveyancing in Salford?
First ask your friends and family they would would seek assistance from. Option 2 is to search the web for conveyancing in Salford. Telephone two or three from the list and ask them to send you their conveyancing quote and speak to the lawyer who will handle your conveyancing before you commit. Third is to make use of this site to help you find the right lawyers for you based on your unique factors including location,speed, complexity and who the proposed lender is.Avoid the trap of appointing lowest cost conveyancing solicitors in Salford