I was referred a conveyancer who has given a fee calculation of £1350 for leasehold conveyancing in Stanley. I’m hoping to sell a purpose built detached home for £250,000. Are the quoted fees excessive? Is it above the norm for conveyancing in Stanley?
The quote is slightly on the steep side. Where you are prepared to expend time comparing prices you may be able to shave off some of the cost by perhaps £100 plus VAT. On the other hand, you maycome to rue opting for an an unknown lawyer. If is important to ensure that the solicitor can also act for your mortgage company. Do employ our search tool to choose a Stanley conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Stanley.
We note that you have a post code search directory identifying solicitors on the Co-operative conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Stanley?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Stanley.
I have an AIP. The lender mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel lawyer as I would much rather appoint a Stanley based conveyancing firm?
Do check but the chances are that allocate you one of their panel conveyancers should you take up the "fee-free" incentive. Speak to the mortgage company to ask if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Stanley.
I require expedited conveyancing in Stanley as I am faced with an ultimatum to exchange contracts within 2 weeks. Thankfully I do not need a mortgage. Can I escape the need for conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to have searches conducted although no solicitor would advise that you don't. Drawing on years of experience of conveyancing in Stanley the following are examples of what can appear and adversely impact the marketability of the property: Enforcement Actions, Overdue Charges, Outstanding Grants, Railway Schemes,...
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who did the conveyancing in Stanley 5 years ago have long since closed. What do I do?
As long as the title is registered the information relating to your proprietorship will be evidenced by the Land Registry with a Title Number. It is easy to conduct a search at the Land Registry, locate your property and secure current copies of the property title for less than a fiver. Where the title is Leasehold then the Land Registry will usually retain a certified duplicate of the Registered Lease and again, a copy can be obtained for twenty pounds.
My 20yr old son is embarking on her first house purchase, he had his mortgage in principle. One the offer was accepted on house we contacted the lender to issue the formal offer. We were shocked to learn that banks do not accept all lawyer, they need to be on their approved list, is this right?
Mortgage Companies tend to restrict either the type or the number of conveyancing firms on their approved list of lawyers. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Stanley property lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.