My friend's uncle is a conveyancing practitioner. I anticipate that I can be offered mate’s fee for conveyancing, However if that does not come through, what kind of costs should I be expecting for conveyancing in Westbury?
It’s a good idea to get multiple conveyancing estimates. Do use our comparison tool on this site. You will notice that charges do be different but the service one can expect are distinct between property lawyers as is the case with most professions.
The Westbury conveyancing firm handling our Westbury conveyancing has discovered a difference when comparing the assumptions in the valuation report and what is revealed within the title deeds. My solicitor has advised that he must ensure that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach correct?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
We have a mortgage agreed in principle with Skipton. Westbury conveyancing lawyers have been appointed. How long does it take for Skipton to send the offer to the lawyer?
Some lenders take longer than others. Have Skipton done the valuation? Have you advised Skipton as to your lawyers' details and checked that your lawyers are on the Skipton conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We were going to get a DIP from Co-operative this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Co-operative recommend any Westbury solicitors on the Co-operative conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Westbury solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.
The formalities of my remortgage has taken place for my property in Westbury. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I have been told that property searches are the primary cause of hinderance in Westbury conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Searches are unlikely to feature in any slowing down conveyancing in Westbury.
How does conveyancing in Westbury differ for new build properties?
Most buyers of new build property in Westbury come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because developers in Westbury typically purchase the land, 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 conveyancers 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 Westbury or who has acted in the same development.
I decided to have a survey completed on a house in Westbury ahead of appointing solicitors. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders may refuse to grant a loan on such a house.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. If you call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Westbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Westbury to see if the conveyancing will be more expensive.