Is there a reason why leasehold purchase conveyancing in Virginia Water costs more?
Virginia Water leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Is it correct that all Virginia Water CQS (Conveyancing Quality Scheme) solicitors are on the Coventry BS conveyancing list of approved practices?
Some major banks and building societies now make use of CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
I recently had an offer accepted on a house in Virginia Water. My mortgage broker suggested a conveyancer. I paid an upfront payment of £200. A few days later, the solicitor called me embarrassingly acknowledging that they were not on the Yorkshire BS 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 Yorkshire BS 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.
At last I have had an offer on a flat in Virginia Water accepted, the sellers do nevertheless have an associated purchase. The sellers have placed an offer on a flat, however it’s not yet agreed to, and are looking at other properties in the pipeline. I have selected a nearby conveyancing solicitor in Virginia Water. What should be my next step? When should I get the mortgage application with Skipton started?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx £1k, then survey, Virginia Water conveyancing search fees, etc). The first course of action is to ensure that your solicitor is on the Skipton conveyancing panel. Concerning the subsequent steps this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. During a buoyant market some home buyers will apply for the mortgage with Skipton and pay for the valuation and only if it comes back ok would they ask their property lawyer to proceed with the conveyancing in Virginia Water.
I opted to have a survey done on a property in Virginia Water prior to retaining conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies may refuse to give a mortgage on such a property.
It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Virginia Water. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Virginia Water to see if the conveyancing will be more expensive.
Taking into account that I am about to spend over three hundred thousand on a property in Virginia Water I wish to have a conversation with the conveyancer regarding thehouse move in advance of appointing the firm. Can this be arranged?
This is something that we recommend - we would be happy to talk to you we do not take any clients on without you first talking to the lawyer who will be conducting your conveyancing in Virginia Water.There is no ‘factory style conveyancing’ - every client is unique individual, not a case reference. The law firms that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Virginia Water should be the figure that you are charged.
My husband and I are one month into a leasehold purchase having been directed to a firm by the local agent to do our conveyancing in Virginia Water. I am am starting to be frustrated with the level of service. Can you help me find new conveyancers?
A solicitor would need to be very bad in order to consider diss instructing them. Has your mortgage offer been sent? If so you need to inform them of the replacement solicitor and ensure the loan are issued to the new lawyers. Your conveyancer should be on the banks approved list to avoid escalating expenses and frustration. So that should be your starting point. The search tool should assist you in finding a lender approved lawyer for your home move in Virginia Water
Why can't I complete our conveyancing in Virginia Water on Easter Monday?
Because on completion the funds needs to pass between the banks of the purchaser and seller's conveyancer and currently this can only take place on a business day. So you can't complete on a saturday or sunday either.