My previous lawyer has sent a quote for £1150 for leasehold conveyancing in East Bergholt. I’m looking to sell a purpose built property for £275,000. This seems too much. Is it in excess of the norm for conveyancing in East Bergholt?
The quote is fractionally on the steep side. Where you are prepared to invest time scrutinising charges you might reduce the fees slightly by as much as £125. On the other hand, you maycome to regret opting for an an unknown solicitor. Don't forget to be sure that the firm can act for your lender. Do employ our search tool to get a quote a East Bergholt conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in East Bergholt.
We're in East Bergholt, First timers purchasing with a mortgage (lender is Bank of Ireland , and our lawyer is on the Bank of Ireland conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bank of Ireland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Despite weeks of looking the Title Certificate and documents to our house can not be found. The solicitors who conducted the conveyancing in East Bergholt 4 years ago are no longer around. What are my options?
As long as you have a registered title the information relating to your proprietorship will be evidenced by the Land Registry under a Title Number. It is possible to conduct a search at the Land Registry, locate your house and obtain current copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will in most cases retain a certified copy of the Registered Lease and again, a copy can be retrieved for £20 inclusive of VAT.
I decided to have a survey completed on a house in East Bergholt before retaining solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies tend not grant a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in East Bergholt. Conveyancing will be smoother if you use a solicitor in East Bergholt especially if they are familiar with such properties in East Bergholt.
Much to my surprise my conveyancing solicitor in East Bergholt has requested from me personal identification documents saying that this forms part of his requirements as a conveyancer on the mortgage company Solicitor panel. Am I being spun a yarn?
Anti-terror and anti-money-laundering rules require East Bergholt conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that the mortgage company also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the mortgage company's UK Finance Lenders’ Handbook requirements