I was referred a solicitor who has given a fee estimate £1150 for no sale no fee conveyancing in Whickham. I am selling a newly refurbished detached home for £250,000. Is this overpriced? Is it in excess of the norm for conveyancing in Whickham?
The quote is fractionally on the expensive side. Where you are content to invest time contrasting fee on a like for like basis you might trim some of the cost by perhaps £125. On the other hand, you maycome to regret opting for an an untested solicitor. Remember to be sure the firm can act for your mortgage company. Do utilise our comparison tool to choose a Whickham conveyancing firm on the lender’s conveyancing panel which can often include conveyancing solicitors in Whickham.
I am need of leasehold conveyancing for an apartment in a fairly new development (five years old) in Whickham. The vast majority the flats are already occupied. Is it strictly necessary to order neighbourhood searches for my conveyancing in Whickham?
You would be putting yourself at risk in refusing to carrying out Whickham conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would absolutely advise in the strongest possible terms that your conveyancer conducts them. If time pressures and driving down costs are primary issues you should discuss with your conveyancer about the options such as lack of search insurance available to you
We are purchasing a newbuild flat in Whickham with a mortgage from Bank of Ireland.We would like to retain our Whickham conveyancing lawyer but Bank of Ireland informed us he's not listed on their "panel". we are left little option but to use a Bank of Ireland panel firm or keep our preferred solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that Bank of Ireland use our lawyer?
Unfortunately,no. The mortgage offered to you contains various provisions, a common one being that solicitors must be on the Bank of Ireland solicitor panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Bank of Ireland
How does conveyancing in Whickham differ for new build properties?
Most buyers of new build property in Whickham come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in Whickham tend to buy 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 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 Whickham or who has acted in the same development.
I have been advised by numerous property agents in Whickham to get a quote from a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to market your site ahead of another?
We refuse to give any financial incentive for pointing buyers and sellers to this site. We found it would be just too difficult to pay a commission 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.
Me and my wife have just had an offer agreed on a apartment and had an appointment on Wednesday with Leeds Building Society for the mortgage. They have informed us that when it comes to selecting a property lawyer that unless they are on their approved panel of conveyancers then we will incur an additional charge of £250+. This is is due to the fact that they would then have to select a conveyancer to act on their behalf in addition to the one we select on our behalf and we will be on the hook for their fees. I have asked Leeds Building Society to supply me with a list so I can request quotes only from their approved lawyers but was told they dont have such a list to hand over. Is their an easier way of going about this?
Ask Leeds Building Society what their panel criteria is for a solicitor.Thereafter ask the lawyer of your choice whether they fit that criteria and have they acted on mortgages for Leeds Building Society previously. If the answer to those is yes, then just double check with Leeds Building Society. Alternatively please use our search facility and we should be able to identify a solicitor in Whickham on the panel for Leeds Building Society.