My wife and I are about to exchange on the purchase of a house in Weymouth but as a result of damage from a small fire at the property I have was able negotiate recompense from the seller in the sum of £2k by way of a deduction in the price. This was going to be addressed as part of amending the contract but Lloyds are not allowing this. Should they have been informed?
Any solicitor being on the Lloyds conveyancing panel is obliged to disclose to Lloyds of any changes to the sale price. If you were to refuse your lawyer to report the price change to Lloyds then they would have to discontinue acting for you. In addition, Lloyds and you would have to appoint a new lawyer for your conveyancing in Weymouth.
Can you explain why leasehold purchase conveyancing in Weymouth costs more?
The conveyancing costs for a leasehold premises in Weymouth is inevitably more expensive than on a freehold property. This is due to the extra investigations required in corresponding with the freeholder and management company to collate the information concerning whether the rent and maintenance charges have been cleared and whether there are any major works due in the near future on repairs or maintenance of the block.
We are purchasing a house in Weymouth. I might seem paranoid but how we can trust a solicitor? At some point we have to deposit our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I'm in the process of looking at flats in Weymouth and I am now considering a potential offer. Should I already have a lawyer in place at this stage? I will be getting a mortgage with Clydesdale.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are seeking a mortgage with Clydesdale, make sure you remember to check that your lawyer is on the Clydesdale conveyancing panel.
Our offer on a property in Weymouth has been accepted, but there is a chain. The owners have put an offer on on an apartment, but it’s not yet agreed to, and have viewings of other apartments booked. I have selected a local conveyancing solicitor in Weymouth. What should be my next step? When should I get the mortgage application with Bank of Ireland going?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then valuation, Weymouth conveyancing search costs, etc). The first thing to do is ensure that your lawyer is on the Bank of Ireland conveyancing panel. As to the next phase this very much depends on the circumstances of your transaction, desire for the property and on the state of the market. In a rising market many purchasers would apply for the mortgage with Bank of Ireland and arrange for the valuation and only if it comes back ok would they pay their lawyer to proceed with the conveyancing in Weymouth.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Weymouth is the location of the property. Can you offer any assistance?
Flying freeholds in Weymouth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Weymouth you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Weymouth 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 residence.
I have been pointed in your direction by a number of selling agents in Weymouth to locate a property lawyer using your seach tool. What’s the financial inducement for Estate Agents to recommend your site ahead of alternative conveyancing organisations?
We refuse to give any referral fee for sending work our way. We found it would be just too difficult a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I have just had an offer accepted on a apartment and had an appointment on Tuesday with the Post Office for the mortgage. They advised me that when it comes to choosing a solicitor that unless they are on their approved list of lawyers then we will have to pay out an extra fee of about two hundred pounds. This is is due to the fact that they would then have to select a conveyancer to act on their behalf as well as the one we choose to act on our behalf and we assume responsibility for their costs. I have asked the Post Office to provide me with a list so I can obtain quotes only from their approved solicitors but was told they dont have such a list to hand over. Is there a list online?
You should ask the Post Office what their panel criteria is for a conveyancer.Thereafter ask the conveyancer of your choice whether they fit that criteria and have they acted on mortgages for the Post Office in the past. Where the answer to those is yes, then just double check with the Post Office. Another option is to make use of our search tool and we should be able to identify a solicitor in Weymouth on the approved list for the Post Office.