I instructed a Salford based lawyer for our conveyancing in Salford last week. After carefully reading the official terms of business it is apparent thatwe are responsible for fees even where the conveyance does not complete. Should I ditch them and instruct a web based firm who offer no-sale-no-fee conveyancing in Salford?
Generally there is a compromise along the lines that if "No Completion No Fee" is advertised then the fee levels will generally be uplifted to neutralise the conveyances that do not go ahead. Do bear in mind that these promotions rarely cover expenditure such as Salford conveyancing search fees.
My wife and I are nearing an exchange on a house in Salford and my mum and dad have sent the exchange deposit to my solicitor. I am now told that as the deposit has been received from someone other than me my conveyancer needs to make a notification to my lender. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The lawyer is duty bound to clarify with lender to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
As someone not used to the Salford conveyancing process what’s the number one tip you can give me for the ownership transfer in Salford
Not many law firms or advisers will tell you this but conveyancing in Salford or throughout Greater Manchester is often a confrontational process. Put another way, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and others involved in the ownership transfer. For instance, the vendor, property agent and sometimes your bank. Selecting a lawyer for your conveyancing in Salford is a critical decision as your conveyancer is your adviser, and is the ONE party in the legal process whose responsibility is to act in your legal interests and to keep you safe.
Every so often a third party with a vested interest will try and sway you that it is in your interests to do things their way. For example, the selling agent may claim to be helping by claiming that your conveyancer is dragging his heels. Or your mortgage broker may try to convince you to do take action that is contrary to your solicitors guidance. You should always trust your lawyer above all other parties in the home moving process.
I am buying a garden flat in Salford. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Salford you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Salford.
I am looking for a ground for flat up to £235,500 and found one near me in Salford I like with open areas and transport links in the vicinity, however it only has 51 years on the lease. I can't really find anything else in Salford suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan that many years will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
I need to find a conveyancing solicitor for residential conveyancing in Salford. I happened to land on a web site which looks to be the perfect answer If it is possible to get all the legals done via web that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?