Our family lawyer has given a fee calculation of £1700 for leasehold conveyancing in Aylestone. I am hoping to sell a purpose built house for £175,000. Is this expensive? Is it in excess of what I should be paying for conveyancing in Aylestone?
The costs illustration is fractionally on the expensive side. Where you are willing to spend time scrutinising quotes you may be able to reduce the fees marginally by as much as £125. That being said, you mightcome to regret opting for an a cheaper solicitor. Don't forget to ensure the solicitor can also act for your mortgage company. You can employ our comparison tool to locate a Aylestone conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Aylestone.
I am only a couple days away from an exchange on a property in Aylestone and my parents have sent the ten percent deposit to my property lawyer. I am now told that as the deposit has been sent from someone other than me my conveyancing practitioner needs to make a notification to my lender. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the lender about my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
Your solicitor is duty bound to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
We are buying a terrace house in Aylestone. We would like to carry out a loft conversion at the property.Will the conveyancing process involve investigations to determine if these works are permitted?
Your solicitor will check the registered title as conveyancing in Aylestone will occasionally reveal restrictions in the title deeds which prevent categories of changes or necessitated the permission of another owner. Some works require local authority planning permissions and approval in accordance building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor prior to committing yourself to a purchase.
We previously appointed conveyancing lawyers based in Aylestone on the Coventry BS solicitor approved list. They have just invoiced me a separate sum for handling the Coventry BS mortgage. Is this an additional conveyancing fee set by Coventry BS?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your conveyancing practitioner is entitled to levy a fee for this. This fee is not dictated by Coventry BS but by your Aylestone conveyancing practitioner. Plenty of firms on the Coventry BS panel will charge ’dealing with mortgage’ fee but some firms include it on their overall fee.
The formalities of my remortgage has taken place for my property in Aylestone. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
In my capacity as executor for the will of my uncle I am selling a house in Monmouth but reside in Aylestone. My conveyancer (who is 260 kilometers from merequires that I sign a statutory declaration prior to completion. Can you recommend a conveyancing solicitor in Aylestone who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Aylestone based
My step-son is embarking on her first house purchase, the home loan was agreed last week in principle. After the seller agreed the offer on the flat we called the mortgage company to progress the mortgage application. I was very surprised to discover that mortgage lenders do not accept all lawyer, they have to be on a list, is this legal?
Mortgage Companies tend to restrict either the type or the number of conveyancing firms on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Aylestone conveyancing practitioner on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.