My previous conveyancer has given a fee estimate £1350 for fixed fee conveyancing in Selhurst. I’m selling a newly refurbished house for £175,000. This appears overpriced. Is it in excess of the average fee for conveyancing in Selhurst?
The charges are a tad high. If you shop around you could get the conveyancing a bit cheaper by say £100 plus VAT. That being said, you mightlive to regret opting for an an untested lawyer. If is important to be sure that the solicitor can also act for your mortgage company. You can use our search tool to find a Selhurst conveyancing practice on the banks conveyancing panel which can often include conveyancing solicitors in Selhurst.
My wife and I have recently appointed a conveyancing solicitor in Selhurst. I need to find out whether they are on the Leeds Building Society conveyancing panel. Can you or the lender confirm if they are on the panel?
The first thing you should do is e-mail the solicitor and enquire whether they can act for the bank. Alternatively you can call Leeds Building Society who may be able to assist.
How does conveyancing in Selhurst differ for new build properties?
Most buyers of new build or newly converted property in Selhurst come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is built. This is because developers in Selhurst tend to acquire the site, 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 Selhurst or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Selhurst is where the house is located. What do you suggest?
Flying freeholds in Selhurst are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Selhurst you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Selhurst may ascertain 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 premises.
I have been advised by numerous property agents in Selhurst to select a solicitor on your site. Is there a financial inducement for Estate Agents to promote your site over and above another?
We don’t give any referral fee for pointing buyers and sellers our way. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
To what extent are Selhurst conveyancing solicitors under an obligation to the Law Society to supply transparent conveyancing costs?
Inbuilt into the Solicitors Code of Conduct are specific rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, represent the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Selhurst or across England and Wales.