The lawyer who assisted with my previous purchase has quoted just over a thousand pound for no sale no fee conveyancing in Cobham. I’m selling a Edwardian property for £250,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Cobham?
The charges are a tad high. If you shop around you could reduce the fees slightly by say £125. That being said, you couldcome to rue opting for an an unknown solicitor. Remember to enquire the solicitor can represent your mortgage company. Do make use of our search tool to select a Cobham conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Cobham.
My husband and I are approaching an exchange on a house in Cobham and my parents have transferred the ten percent deposit to my solicitor. I am now informed that as the deposit has not come from me my lawyer needs to make a notification to my mortgage company. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your property lawyer is legally required to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Are there restrictive covenants that are commonly identified during conveyancing in Cobham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Cobham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My partner has urged me to appoint his conveyancers in Cobham. Do I follow his advice?
Much as we are happy to recommend a Cobham conveyancing lawyer the ideal way to find a conveyancing practitioner is to get feedback from friends or family who have actually previously instructed the solicitor that you are considering.
Our solicitor in Cobham has discovered a a problem with the lease for the property we are buying in Cobham. The seller’s lawyers have offered title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor has advised that as he is on the lender conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or the mortgage company?
Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Cobham conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the mortgage company are the client. The appropriate lender requirements must be adhered to by the mortgage company conveyancing panel who has to balance acting for you and the lender