My previous lawyer has quoted £1700 for fixed fee conveyancing in Altrincham. I am hoping to downsize from a Edwardian detached home for £300,000. Is this overpriced? Is it above the average fee for conveyancing in Altrincham?
The costs illustration is slightly on the steep side. Where you are willing to expend time contrasting prices you might reduce the fees slightly by perhaps £125. On the other hand, you maylive to rue choosing an an untested lawyer. Don't forget to ensure the firm can act for your mortgage company. Do utilise our comparison tool to find a Altrincham conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Altrincham.
My wife and I changing mortgage lender for our apartment in Altrincham with Aldermore. We have a son 18 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Aldermore conveyancing panel as he never had to sign this form when we bought 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Aldermore conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Aldermore. This is solely used to protect Aldermore if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Aldermore had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Me and my partner are buying a property in Altrincham. It might be a silly question but how we can trust a solicitor? On completion day we will need to send money 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.
Forgive me if this question is silly but I am unexperienced as a first time purchaser of a garden flat in Altrincham. Do I receive the keys to the house on completion from my lawyer? If this is the case, I will use a High Street conveyancing solicitor in Altrincham?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the owner’s conveyancers, and once they have received this, you should be invited to receive the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
When it comes to mortgage companies such as RBS, do Altrincham property lawyers face a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
What can a local search inform me concerning the house my wife and I buying in Altrincham?
Altrincham conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search organisations for example Xpress Legal The local search plays an important part in many a Altrincham conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
Two months into purchasing a house in Altrincham. Conveyancing solicitor has called to say the title is "Leasehold". Will this likely impact our lender’s valuation?
Altrincham conveyancing does not usually involve leasehold houses. The main consideration here is the length of lease and the ground rent. If there are hundred of years years remaining with a peppercorn rent, it's virtually freehold, so it’s unlikely to impact the marketability too much.
At the other end of the spectrum, if it's, say, Sixty years it is bound to have a material effect on the value, and most likely wouldn't be acceptable to the mortgage company. The remaining lease term and ground rent will be set out in the lease to be supplied to your lawyer.