In the event thatI were to acquire a straightforward homein Edingale mortgage fee and dispense with a survey and no conveyancing searches how much would I expect to to save on my conveyancing in Edingale?
Any savings you would gain will be limited to the costs for searches. The conveyancer is required to do the vast majority of work - money laundering, liaising with your vendors lawyer, SDLT submission, register the title etc. You might save a bit for them not having to register a charge however it will not be a lot.
The Edingale conveyancing firm that I recently instructed on my purchase in Edingale have suddenly shut down. They were on acting for me because I needed a firm on the Barclays conveyancing panel and my previous Edingale lawyer was not. I issued them a cheque for £250 in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Barclays conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
My wife and I own a renovated Georgian property in Edingale. Conveyancing practitioner represented me and Halifax. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Edingale and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing solicitor who conducted the conveyancing.
Due to the input of my in-laws I had a survey completed on a house in Edingale in advance of appointing lawyers. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some lenders may refuse to issue a mortgage on such a premises.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to telephone us we can check via 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 Edingale. Conveyancing may be slightly more expensive based on your lender's requirements.
Do I need to be wary that brokers that I am dealing with are encouraging me to use an internet conveyancing firm as opposed to a High Street Edingale conveyancing firm?
As is the case with many professional services, often recommendations from connections can be worth their weight in gold. Nevertheless there are lots of players in a conveyancing transaction; estate agents, financial adviser and mortgage companies may put forward conveyancers to choose. On occasion the solicitors might be known to one of the organisations as being good in their field, but occasionally there exists a commercial relationship behind the endorsement. You are at liberty to choose your own conveyancer. However, bear in mind that the majority of lenders specify a panel list of solicitors you are obliged to use for the mortgage related work in your house move.