Our family solicitor has quoted £1700 for freehold conveyancing in Merriott. I’m looking to sell a purpose built detached home for £150,000. Is this overpriced? Is it in excess of the average fee for conveyancing in Merriott?
The charges are a bit high. If you are prepared to expend time scrutinising quotes you might reduce the fees marginally by say a hundred pounds. That being said, you mightcome to regret choosing an a cheaper conveyancer. Remember to check that the firm can also act for your mortgage company. You can make use of our search tool to find a Merriott conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Merriott.
I am in a contract race with another prospective purchaser for a property in Merriott. What can I do to expedite matters?
First, If you are under pressure to exchange we would recommend that your lawyer is familiar with the location as they will benefit local contacts and insight. It is possible that they could have transacted previoushouses in the same street. You would be best advised to use a Merriott conveyancing lawyer. In addition, double check that the conveyancing firm is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Merriott conveyancing deals are delayed or jeopardised after discovering a purchaser’s solicitor was not on their banks panel. This can often result in the conveyancing being frustrated by an average of three weeks. It is understood that this issue affects approximately one hundred thousand home moves every year. Most Merriott conveyancing firms can not represent certain mortgage companies so do check at the outset.
It is is a decade since I purchased my property in Merriott. Conveyancing lawyers have recently been retained on the sale but I can't locate my title documents. Is this a problem?
Don’t worry too much. First there is a chance that the deeds will be retained by the mortgage company or they could be in the possession of the conveyancers who acted in your purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring up to date copy of the land registers. Most conveyancing in Merriott involves registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
Do I have to attend the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Merriott so that I can pop in to their offices if required.
Whereas this was necessary ten years ago, the vast majority mortgage companies no longer require their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to hand over identification documents and there are still distinct advantages to instructing a local ayer, in your situation a conveyancing solicitor in Merriott.
How does conveyancing in Merriott differ for new build properties?
Most buyers of new build premises in Merriott approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in Merriott typically buy the real estate, 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 conveyancing solicitors 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 Merriott or who has acted in the same development.