We were about to retain a conveyancing solicitor in Bradwell found by you but have come across some other fee calculations on the internet look cheaper – why is this?
You can find plenty of websites advertising supposedly cheap conveyancing, yet more often than not supplementalcosts end up with the closing invoice being inflated. Conveyancers are obliged to make sure that fees set out in terms of business should be equitable and be applied The solicitors that we put forward for conveyancing in Bradwell genuinely set out all legal fees for the property you plan tobuy.
Are all Bradwell Conveyancing Quality Solicitors on the UBS conveyancing list of approved solicitors?
It is true that some lenders now utilise CQS as the starting point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their panels.
When it comes to lenders such as Nottingham, do Bradwell property lawyers have to pay an annual charge 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 application.
I have today made my last payment due on my mortgage with HSBC. I assume I don't need a Bradwell conveyancing practitioner on the HSBC panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your HSBC mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the HSBC mortgage from the register. HSBC, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
We are close to exchanging contracts on the sale of our house in Bradwell and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any local lawyer would know this is not the case. It does beg the question why the purchasers are using a nationwide conveyancing firm as opposed to a conveyancing solicitor in Bradwell. Having lived in Bradwell for many years we know that this is a non issue. Should we contact our local Authority to get clarification need.
It sounds as though you may have a conveyancing solicitor already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I have been on the look out for a flat up to £235,500 and identified one close by in Bradwell I like with a park and railway links in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in Bradwell in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a home loan that many years will likely be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
I was advised by numerous property agents in Bradwell to choose a property lawyer using your seach tool. Is there a financial upside for Estate Agents to offer your services over and above alternative conveyancing organisations?
We don’t make any referral fee for sending work to this site. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.