I was referred a solicitor who has sent a quote for just over a thousand pound for freehold conveyancing in Thornbury. I’m selling a modern detached home for £200,000. This seems overpriced. Is it in excess of what I should be paying for conveyancing in Thornbury?
The costs illustration is fractionally on the high side. If you shop around you could trim some of the expense by say £100 plus VAT. On the other hand, you mightcome to regret opting for an an untested lawyer. Remember to be sure that the solicitor can also act for your lender. Do make use of our comparison tool to get a quote a Thornbury conveyancing practice on the banks member panel which can often include conveyancing solicitors in Thornbury.
The owners of the home we are hoping to buy have appointed a conveyancing practitioner in Thornbury who has suggested a exclusivity contract with a non-refundable deposit 6,000. Are such contracts generally advanced for Thornbury conveyancing transactions?
This type of arrangement is not the norm in Thornbury, conveyancers are not keen on them as they detract from the main conveyancing focus and if you end up losing your deposit then the solicitor at best left with an upset client and at worst a litigious one. Secondly, there is no certainty that just because the proprietor has entered into an exclusivity contract they will complete the sale with you. They may be inclined to break the contract if they receive sufficient incentive to do so because a wronged purchaser with the benefit of a exclusivity agreement will still have to show losses as a consequence of the breach and this may not amount to the financial upside that your vendor may obtain by reneging on the agreement, no matter how morally shameful it undoubtedly is.
My house in Thornbury is up for sale and I have a buyer. Will my conveyancing practitioner have to be required to be on the Santander conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
Just acquired a detached house in Thornbury , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Thornbury conveyancing solicitor has been painfully slow, so I want to be sure that my name is registered.
There is nothing unique about conveyancing in Thornbury registration formalities. Rather than based on location, timeframes can differ subject to who lodges the application, whether there are errors and whether the Land registry have to notify any other parties. Currently roughly three quarters of submission are completed in less than three weeks but some can be subject to extensive hold-ups. Historically registration is effected once the purchaser is living at the property therefore post completion formalities is not usually an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
I am a sole trader intending to take over a lease of an office on a shopping parade. Can you recommend lawyers offering competitive costs for non-domestic conveyancing in Thornbury for less than 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Thornbury, including the disposal and purchase of businesses as well as simply premises. If you are looking to acquire or dispose of a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right firm. Regarding the costs these will vary based on the structure and heads of terms of the proposed transaction. Please provide us with your contact information or phone so as to enable us to furnish you with a fixed commercial conveyancing calculation.
My son is about to join the property ladder, he had his mortgage in principle. One the seller agreed the offer on the flat we contacted the mortgage company to progress the mortgage application. I was disappointed to learn that banks do not accept all solicitor, they need to be on their approved list, is this legal?
Banks ordinarily imposes restrictions either the type or the number of conveyancing solicitors 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 Thornbury solicitor 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.