My best friend’s dad is a conveyancing practitioner. I suspect that I will receive mate’s pricing for conveyancing, However if that does not come through, what level of figure would I typically be looking at for conveyancing in South Molton?
It’s a good idea to get multiple conveyancing estimates. Do use our comparison tool on this page. Whilst estimates will vary but service levels do are distinct between law firms as is the case with the vast majority of professional services.
Are the South Molton conveyancing solicitors identified as being on the Clydesdale conveyancing panel, together with their details provided by Clydesdale?
South Molton conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
I can see plenty of information on this site concerning conveyancing in South Molton but what is your top tip for finding the right conveyancer in South Molton
Do not opt for the cheapest South Molton conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I have paid off my mortgage with Virgin Money. I assume I don't need a South Molton conveyancing practitioner on the Virgin Money panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
The formalities of my remortgage has taken place for my property in South Molton. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I purchased my house on 12 April and the transaction details are still not on the land registry website. Any reason for this? My conveyancing solicitor in South Molton said it should be formalised in less than a month. Are titles in South Molton particularly slow to register?
As far as conveyancing in South Molton registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timescales can adjust subject to who lodges the application, whether there are errors and if the Land registry must send notices to any 3rd persons or bodies. At present in the region of 80% of submission are fully addressed in less than three weeks but occasionally there can be longer hold-ups. Historically registration takes place once the buyer is living at the property thus 'speed' is not always top priority but if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
I was pointed in your direction by two or three local selling agents in South Molton to get a quote from a solicitor on your site. What’s the financial upside for Estate Agents to promote your site ahead of another?
We refuse to give any commission for sending work in our direction. We found it would be just too difficult to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Last October I purchased a leasehold flat in South Molton. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a split level flat in South Molton, conveyancing having been completed 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in South Molton with over 90 years remaining are worth £171,000. The ground rent is £50 invoiced annually. The lease terminates on 21st October 2105
With just 79 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.