IfI were to purchase a freehold housein Shotley Bridge for cash and have no survey and no conveyancing searches how much should I expect to to save on my conveyancing in Shotley Bridge?
Any savings you would achieve will be limited to the costs for searches. Your lawyer still got to do everything else - money laundering, communicating with the vendors lawyer, stamp duty return, register the property etc. You might save a bit for them not needing to register a mortgage but it won't be a lot.
In what way does my ID and proof of funds have anything to do with my conveyancing in Shotley Bridge? Why is this being asked of me?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Shotley Bridge. Nowadays you can not proceed with any conveyancing deal if you have not supplying proof of your identity. This usually takes the form of a either your passport or driving licence as well as a utility bill. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper element as well as the photo card part, one is not satisfactory without the other.
Verification of the source of money is mandated under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancing solicitor will need to retain this information on record. Your Shotley Bridge conveyancing lawyer will require evidence of proof of funds prior to accepting any monies from you into their client account and they may also ask further questions concerning the source of monies.
Is it the case that all Shotley Bridge CQS (Conveyancing Quality Scheme) solicitors are on the Virgin Money conveyancing panel?
A selection of lenders now make use of the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of firms.
When it comes to lenders such as TSB, do Shotley Bridge conveyancing practitioners have to pay a fee to be on the list of approved solicitors?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I was told three weeks ago that my mortgage has been agreed to by Coventry BS. Is it usual for Coventry BS to only issue the offer once my solicitor in Shotley Bridge is approved on their conveyancing panel? Coventry BS have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Over the last few months I have been searching for a flat up to £195,000 and identified one close by in Shotley Bridge I like with amenity areas and railway links nearby, however it's only got 51 remaining years left on the lease. I can't really find anything else in Shotley Bridge suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage that many years may be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
What is different about your site and alternative online quote calculators for conveyancing in Shotley Bridge?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Shotley Bridge. Unlike many estate agents and many comparison sites we are not in the business of charging firms a commission if you appoint them for your conveyancing in Shotley Bridge
My estate agent has suggested using their property lawyer for our conveyancing in Shotley Bridge - Surely it’s better to just instruct them?
You need to establish if the estate agent is recommending a conveyancer or introducing to a lawyer. There are plenty of Shotley Bridge estate agents who recommend two or three Shotley Bridge conveyancing firms and get nothing from it.