My previous lawyer has sent a quote for £1350 for no sale no fee conveyancing in West Thurrock. I’m looking to sell a Victorian property for £150,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in West Thurrock?
The charges are a tad high. If you shop around you may be able to get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, you couldcome to regret choosing an an untested lawyer. If is important to be sure that the solicitor can act for your mortgage company. Do use our comparison tool to select a West Thurrock conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in West Thurrock.
My mortgage company has suggested solicitors on their panel based in West Thurrock but I would rather choose a conveyancing lawyer in West Thurrock or nearer to where I live. Can you assist?
It is by no means the case that all West Thurrock conveyancing solicitors are approved and listed on all banks conveyancing panel. Do make use of our find an approved solicitor tool to identify a West Thurrock conveyancing firm on the on the lender panel.
I am the only recipient of my late mum's estate and I have everything in my name alone, including the my former home in West Thurrock. The West Thurrock property was put into my name in October. I plan to dispose of the house. I understand that there is a CML six month 'rule', meaning my property ownership may be treated the same way as if I'd bought the house in October. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. How sensible a view lenders take of it, depend on the mortgage company as this clause chiefly exists to capture subsales or the flipping of property.
Is it the case that all West Thurrock solicitor practices on the Leeds Building Society conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Leeds Building Society conveyancing panel they would need to be regulated by the SRA. Many mortgage companies do permit licenced conveyancers on their panel and in such a situation the practice would be overseen by the Council of Licensed Conveyancers.
I have finally had an offer on a flat in West Thurrock accepted, the vendors do nevertheless have a connected purchase. The sellers have offered on a property, however it’s not yet agreed to, and are looking at other properties in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in West Thurrock. What should be my next step? When should I get the mortgage application with Barclays going?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of one thousand pounds, then survey, West Thurrock conveyancing search charges, etc). First, you must check that your conveyancing practitioner is on the Barclays conveyancing panel. Concerning the next steps this very much depends on the specifics of your transaction, motivation for this property and on the state of the market. In a buoyant market the majority of home buyers will apply for the mortgage with Barclays and arrange for the valuation and only if it was satisfactory would they pay their conveyancer to press on with searches.
I am buying my first flat in West Thurrock benefiting from help to buy. The sellers would not move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not disclose to my solicitor about this deal as it will impact my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a quick, chain free conveyancing. West Thurrock is where the house is located. Can you offer any assistance?
Flying freeholds in West Thurrock are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside West Thurrock you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Thurrock may ascertain 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 residence.
I have been sourcing a conveyancing solicitor in West Thurrock for my house move. Is it possible to check a solicitor's complaints history with the profession’s regulator?
You can review presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions started on or after 1 January 2008. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The regulator may monitor call for training requirements.