My previous solicitor has given a fee estimate £1400 for fixed fee conveyancing in Burton upon Trent. I am selling a newly refurbished property for £175,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Burton upon Trent?
The estimate does seem marginally steep. Where you are content to expend time comparing quotes you might get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, you couldlive to rue choosing an a cheaper lawyer. Remember to be sure the conveyancer can act for your lender. You can utilise our search tool to locate a Burton upon Trent conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in Burton upon Trent.
What does my ID and proof of funds have anything to do with my conveyancing in Burton upon Trent? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Burton upon Trent conveyancing firm will require evidence of your identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are required to investigate not simply the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. An unwillingness to disclose this may lead to your conveyancer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
I am looking for a flat up to £305k and identified one near me in Burton upon Trent I like with a park and station in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Burton upon Trent suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
How do I use your search app to locate a conveyancing practitioner in Burton upon Trent on the authorised to act for my lender?
1st select a bank such as Barclays , Virgin Money or Britannia then choose your location e.g. Burton upon Trent. Conveyancing firms in Burton upon Trent and beyond will then be identified.
To what extent are Burton upon Trent conveyancing solicitors duty bound by the Law Society to publish clear conveyancing figures?
Inbuilt into the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, constitute the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Burton upon Trent or beyond.