My family solicitor has given a fee calculation of £1700 for fixed fee conveyancing in Dorridge. I’m selling a Georgian house for £200,000. Is this too much? Is it above the average fee for conveyancing in Dorridge?
The quote is slightly on the steep side. If you shop around you may be able to shave off some of the expense by say £100 plus VAT. On the other hand, you couldlive to rue choosing an a cheaper lawyer. If is important to enquire that the firm can also act for your bank. You can make use of our search tool to choose a Dorridge conveyancing practice on the banks conveyancing panel which can often include conveyancing solicitors in Dorridge.
My partner and I are nearing an exchange on a flat in Dorridge and my mum and dad have sent the ten percent deposit to my property lawyer. I am now informed that as the deposit has not arrived from me my lawyer needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I advised the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The solicitor is legally required to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Can I be sure that the Dorridge conveyancing solicitor on the Coventry BS panel is any good?
When it comes to conveyancing in Dorridge getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor handling your transaction.
Two weeks ago we had a mortgage agreed in principle with Aldermore. Dorridge conveyancing lawyers are selected. What is the average time that one could expect to receive a mortgage offer from Aldermore?
Some lenders take longer than others. Have Aldermore done the survey? Have you advised Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have a mortgage with Kent Reliance for my property in Dorridge. Conveyancing has been completed some time ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
You must advise Kent Reliance in advance of letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel firm.
I'm purchasing my first flat in Dorridge with the aid of help to buy. The builders would not move on the amount so I negotiated 6k of additionals instead. The estate agent told me not disclose to my lawyer about this extras as it will impact my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
As co-executor for the estate of my grandmother I am disposing of a property in Newport but live in Dorridge. My solicitor (who is 250 kilometers from merequires that I execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing solicitor in Dorridge who can witness and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are based in Dorridge