Our family solicitor has sent a quote for £1400 for freehold conveyancing in Watchet. I’m looking to sell a modern detached home for £300,000. This sounds over the top. Is it in excess of the norm for conveyancing in Watchet?
The estimate does seem a tad overpriced. If you are willing to invest time contrasting fee on a like for like basis you may be able to shave off some of the expense by say a hundred pounds. That being said, you couldcome to regret opting for an an unknown lawyer. Don't forget to be sure the firm can act for your mortgage company. Do utilise our search tool to find a Watchet conveyancing company on the banks member panel which can often include conveyancing solicitors in Watchet.
The Watchet conveyancing firm that I recently instructed on my house acquisition in Watchet have without warning closed. They were on acting for me because I needed a lawyer on the Kent Reliance conveyancing panel and my family Watchet lawyer was not. I gave my credit card details for them to take £195 for searches. What are my options?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Kent Reliance conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
Is it the case that all Watchet conveyancing solicitors on the RBS conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the RBS approved list of solicitors they would need to be governed by the SRA. The majority of lenders do allow licenced conveyancers on their panel in which case such firms would be governed by the CLC.
Can I be sure that the Watchet conveyancing solicitor on the TSB panel is any good?
When it comes to conveyancing in Watchet getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the lawyer handling your transaction.
I am expecting a AIP from Virgin Money this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Virgin Money recommend any Watchet solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint Watchet solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who did the conveyancing in Watchet 4 years ago no longer exist. What are my options?
You no longer need to hold title original deeds to prove you are the owner of your registered land or property, as the Land Registry have everything they need in a digital format.
How does conveyancing in Watchet differ for newly converted properties?
Most buyers of new build premises in Watchet approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is constructed. This is because house builders in Watchet tend to acquire 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 accustomed to new build conveyancing in Watchet or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Watchet is the location of the property. What do you suggest?
Flying freeholds in Watchet are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Watchet you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Watchet may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.