We were about to instruct a conveyancing solicitor in Torquay listed by you but have come across some other quotes on the internet look cheaper – why is this?
You can find plenty of firms advertising so-called cheap conveyancing, but supplementalcharges end up with the final bill mounting up beyond all recognition. Solicitors are duty bound to ensure costs contained in terms and conditions should be equitable and be applied The law firms that we put forward for conveyancing in Torquay genuinely set out all legal fees for a residential conveyancing matter.
It has been five months following my purchase conveyancing in Torquay completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Torquay differ for new build properties?
Most buyers of new build property in Torquay approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because developers in Torquay typically purchase 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 used to new build conveyancing in Torquay or who has acted in the same development.
Is it possible to swap firm as I need to instruct a firm on the Skipton Building Society conveyancing panel. I was using a local conveyancing solicitor in Torquay five minutes from me but he is not approved by Skipton Building Society
It would be our pleasure to help you find a conveyancing solicitor in Torquay on the Skipton Building Society panel. Please note that the property lawyers that we on the directory do not pay us a referral fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Torquay. Using the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Torquay.
I am 3 weeks into a leasehold purchase having been directed to solicitors by the selling agent to carry out the conveyancing in Torquay. We are not happy. Could you help me find new conveyancers?
A conveyancer would need to be really bad to suggest changing them. Has your mortgage offer been sent? If so you must advise them of the new contact details and ensure the offer are issued to the new lawyers. The solicitor ideally needs to be on the mortgage company panel to avoid added costs and delays. That should be your first question of the new conveyancers. Our find a solicitor tool can assist you in finding a lender approved lawyer for your home move in Torquay
My husband and I are purchasing a garden flat in Torquay. When we first instructed property lawyer, we were told they were on all mainstream mortgage company panels. Our mortgage broker called yesterday to say that they are not on the Nottingham approved list. If it turns out to be true, what should we do? Should we simply find a new lawyer that is on their approved list or do we cover the costs for dual representation, with Nottingham appointing their own preferred property lawyer.
Where you are buying a property needing a mortgage it is usual for the buyer’s solicitors to also represent the mortgage company. In order to act for a bank or building society a solicitor has to be on that lender's conveyancing panel. An application has to be made by the conveyancing practitioner to the lender to become a member of the lender's panel and there are increasingly strict criteria which the lawyer has to fulfill. Some banks now insist their panel firms to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact Nottingham to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on Nottingham's conveyancing panel and you may continue to use your own Torquay solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.