I hired a local solicitor for my conveyancing in Durham yesterday. Reviewing the Terms and Conditions I seewe are responsible for fees even where the conveyance does not complete. Would I be best advised to instruct an on-line lawyer promoting no completion no charge conveyancing in Durham?
It is usually a trade off in that if "No Completion No Fee" is offered then the fee levels will generally be uplifted to cover the conveyances that do not proceed. Dont forget that these arrangements rarely protect you from expenditure for instance Durham conveyancing search expenses.
five months have gone by following my purchase conveyancing in Durham concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Durham differ for new build properties?
Most buyers of new build property in Durham contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Durham typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Durham or who has acted in the same development.
I decided to have a survey completed on a house in Durham before retaining lawyers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some banks will refuse to grant a mortgage on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you e-mail us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Durham. Conveyancing will be smoother if you use a solicitor in Durham especially if they are accustomed to such properties in Durham.
I am thinking of appointing a conveyancing lawyer in Durham for my house move. Is there any facility to see a firm’s complaints history with the profession’s regulator?
Anyone may search for documented Solicitor Regulator Association (SRA) determinations stemming from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. For details Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator may monitor telephone calls for training purposes.