Our family solicitor has sent a quote for £1200 for freehold conveyancing in St Asaph. I am looking to sell a Georgian house for £200,000. Are these estimated fees excessive? Is it above what I should be paying for conveyancing in St Asaph?
The costs illustration is slightly on the steep side. If you are willing to expend time comparing fee on a like for like basis you may be able to decrease the fees slightly by say £125. On the other hand, you maylive to regret choosing an an untested solicitor. If is important to check the conveyancer can act for your lender. You can make use of our search tool to select a St Asaph conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in St Asaph.
My brother-in-law has suggested I instruct a conveyancing solicitor in St Asaph. I need to find out if they are on the TSB conveyancing panel. Could you help?
You should call your solicitor and ask them if they are on the lender panel. Alternatively please call TSB who may be able to confirm.
What can a local search reveal concerning the house we're buying in St Asaph?
St Asaph conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search company such as Searchflow The local search plays an important part in many a St Asaph conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
Me and my brother purchased a 4 bedroom Victorian property in St Asaph. Conveyancing solicitor represented me and Nationwide Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in St Asaph and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing solicitor who conducted the purchase.
How does conveyancing in St Asaph differ for newly converted properties?
Most buyers of new build premises in St Asaph approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because developers in St Asaph typically buy 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 conveyancing solicitors 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 St Asaph or who has acted in the same development.
Our conveyancer in St Asaph has uncovered a defect with the lease for the property we are buying in St Asaph. The seller’s lawyers have offered title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor has advised that as he is on the bank conveyancing panel he must check that the lender is happy with this solution. Are we the client or is the bank?
Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your St Asaph conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the mortgage company are the client. These conveyancing instructions have to be complied with by the lender conveyancing panel who has to balance acting for you and the mortgage company