My previous lawyer has given a fee calculation of £995 for leasehold conveyancing in Street. I’m hoping to downsize from a Victorian detached home for £250,000. Are these conveyancing fees excessive? Is it above the norm for conveyancing in Street?
The estimate does seem a tad overpriced. If you shop around you might trim some of the expense by perhaps £100 plus VAT. That being said, you couldcome to rue opting for an a cheaper solicitor. If is important to ensure the solicitor can represent your mortgage company. You can utilise our search tool to select a Street conveyancing practice on the banks member panel which can often include conveyancing solicitors in Street.
When it comes to lenders such as RBS, do Street conveyancing practitioners incur a yearly amount to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I am currently in the process of buying my council flat in Street. I have a mortgage offer with Principality. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
I recently had an offer accepted on a house in Street. My financial adviser suggested a solicitor. I paid an on account payment of £175. Not long after, the conveyancing practitioner called me embarrassingly acknowledging that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am buying my first flat in Street with a mortgage from HSBC Bank. The developers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not to tell my lawyer about this extras as it would affect my mortgage with HSBC Bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the input of my in-laws I had a survey completed on a property in Street prior to instructing conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies tend refuse to give a loan on such a premises.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Street. Conveyancing will be smoother if you use a solicitor in Street especially if they are acquainted with such properties in Street.
My business partner and I are planning to lease a unit on a shopping parade. Can you recommend conveyancers offering no-move-no charges for commercial conveyancing in Street for less than £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Street, including the sale and purchase of businesses as well as simply property. Whether you are intending to buy or sell a shop, pub, restaurant, office, retail unit or a complete business we can find you the right lawyer. As for the costs this will depend on the structure and nuances of the proposed transaction. Please provide us with your contact information or telephone so as to enable us to furnish you with a fixed commercial conveyancing calculation.
I have read on numerous online forums that before selecting a conveyancing firm they must be approved by your mortgage company. It happens to be my first home move but I have an offer in principle from Virgin Money and I already have a local conveyancing solicitor in Street at the ready. Will Santander insist on an approved lawyer to be instructed? If so, where do I find that list for my conveyancing in Street?
You should choose a solicitor that is on the Santander panel. Simply call your chosen Street conveyancing solicitor and ask if they are on the Santander panel. If they are not approved you have a number of alternatives available to you here:
- Complete the deal with your existing Street solicitor but Santander will undoubtedly retain a lawyer on their conveyancing panel. This will result in additional cost and likely interruption.
- Get a new solicitor to act in the purchase, obviously checking they are on the Santander conveyancing panel.
- Convince your conveyancing practitioner to do everything possible to join the Santander conveyancing panel.