My family lawyer has given a fee calculation of £1400 for no sale no fee conveyancing in Worthing. I am hoping to downsize from a Edwardian house for £200,000. Are the quoted fees excessive? Is it in excess of the average fee for conveyancing in Worthing?
The charges are a little high. If you shop around you could trim some of the expense by say £100 plus VAT. On the other hand, you couldlive to rue opting for an a cheaper lawyer. If is important to be sure the conveyancer can act for your lender. Do employ our comparison tool to get a quote a Worthing conveyancing company on the banks member panel which can often include conveyancing solicitors in Worthing.
My wife and I are purchasing a newly built duplex in Worthing and my lawyer is advising me that she is duty bound to the lender to disclose incentives from the developer. The Estate Agents are hassling me to exchange and my preference is not to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Just bought a semi-detached house in Worthing , What is the estimated time for the Land Registry to deal with the formalities evidencing my title? My Worthing conveyancing solicitor works at snail pace, so I want to be sure that my name is recorded.
As far as conveyancing in Worthing is concerned, registration is no faster or slower than anywhere else in the country. Rather than based on location, timeframes can differ subject to who lodges the application, whether it is in order and if the Land registry must send notices to any other parties. At present approximately 80% of submission are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Historically registration occurs once the new owner is living at the property so 'speed' is not typically primary concern but if there is a degree of urgency associated with the registration then you or your conveyancer could speak with the land registry and explain the circumstances.
I decided to have a survey carried out on a house in Worthing in advance of retaining lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some lenders will not issue a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Worthing. Conveyancing will be smoother if you use a solicitor in Worthing especially if they are familiar with such properties in Worthing.
I'm converting the mortgage on my primary property to a buy to let loan with HSBC Bank and intend to use the remaining equity as a deposit on further property. The location we are interested in is Worthing. Will your lawyers be able to act for the two mortgage companies and link together the transactions?
Make use of our search tool on this page to ensure that the solicitors are on the relevant lender panels. Assuming that they are the lawyer will be able to connect the two transactions but you should talk with you conveyancer and specify your desired outcome and needs.
We have had DIP from Platform Home Loans Ltd who have advised we could borrow up to £300k. At what point do I need to appoint a solicitor for conveyancing? Worthing is where we plan to move to.
You can instruct a solicitor now so that the lawyer can open the file so they can do the ID checks etc. As and when you wish them to start work you will be asked for a deposit usually about £200. That should normally be after you have the mortgage offer and survey back, nevertheless should you wish to speed matters you can get going quicker even though you may be risking some expense.