My friend's step-father is a solicitor. I suspect that I will be offered mate’s fee for conveyancing, However if that does not come materialise, what kind of figure would I typically be looking at for conveyancing in Southborough?
You should compare pricing. Make use of our search tool on this site. The amounts seem to contrast greatly but the service one can expect are distinct between law firms as is true with most professions.
My wife and I are nearing an exchange on a property in Southborough and my parents have sent the exchange deposit to my lawyer. I am now advised that as the deposit has been sent from someone other than me my conveyancer needs to disclose this to my lender. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I advised the bank about my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
Your conveyancing practitioner is obliged 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 bank if you agree, failing which, your lawyer must cease to continue acting.
My fiance and I decided to purchase a newly converted apartment in Southborough with a loan from Barclays .We would like to retain our Southborough conveyancing solicitor but Barclays informed us she’s not listed on their approved list of firms. We have to appoint a Barclays panel solicitor or keep our preferred solicitor and pay for a Barclays panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The loan issued to you is subject to its terms and conditions, one of which will be that lawyers needs to be on the Barclays solicitor panel. in the past, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Barclays
We previously selected conveyancing lawyers with offices in Southborough on the Kent Reliance solicitor approved list. They are now charging me a further sum for the legal aspects of the Kent Reliance mortgage. Is this a supplemental conveyancing fee set by Kent Reliance?
As unfair as it may seem, as long as it’s in their Terms and Conditions or estimate then yes your lawyer is entitled to levy a fee for this. This charge is not set by Kent Reliance but by your Southborough conveyancing practitioner. Plenty of firms on the Kent Reliance panel will levy an ‘acting for lender’ fee and others do not.
I am buying a property in Southborough. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender UBS be concerned?
As your lender is UBS your lawyer must follow the conveyancing instructions set out in Part 2 of UK Finance Lenders’ Handbook for UBS. The CML Handbook stipulates minimum specifications for solar panel roof-space leases, and property lawyers are required to report to UBS where a lease fails to meet these specifications. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Southborough.
I have today made my last payment due on my mortgage with Virgin Money. I assume I don't need a Southborough lawyer 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
I used Stirling Law several years past for my conveyancing in Southborough. I now require my file but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Southborough of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Southborough differ for new build properties?
Most buyers of new build residence in Southborough come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Southborough typically acquire 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 Southborough or who has acted in the same development.