My previous conveyancer has sent a quote for £1150 for no sale no fee conveyancing in Eaton Bray. I am hoping to sell a purpose built detached home for £150,000. Are these estimated fees excessive? Is it above what I should be paying for conveyancing in Eaton Bray?
The estimate does seem marginally overpriced. If you shop around you may be able to shave off some of the cost by say £100 plus VAT. On the other hand, you mightlive to regret choosing an a cheaper conveyancer. Don't forget to be sure that the firm can represent your bank. Do use our comparison tool to choose a Eaton Bray conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Eaton Bray.
We have very assertive sellers who has recommended a exclusivity agreement with a deposit two thousand pounds. Are such agreements sensible?
Exclusivity contracts are agreements between a property seller and prospective acquirer giving the buyer exclusive rights to the sale of the premises for a certain period of time. Essentially, an exclusivity agreement is a contract stating that you will receive a contract at a later date being the main conveyancing contract. It tends to be used for buyer confidence though in some cases, the seller may enjoy an upside from such agreements as well. There are many positives and negatives to using them but you need to check with your lawyer but beware that it may result in incurring more in conveyancing charges. In light of these reasons these agreements are rare when it comes to conveyancing in Eaton Bray.
Do the Building Society Association intend to launch a online directory to list law firms on the Earl Shilton BS conveyancing panel for instance in Eaton Bray?
We would not expect to be advised of any intention on the part of the BSA to develop such a register.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Eaton Bray is the location of the property. Is there any guidance you can give?
Flying freeholds in Eaton Bray are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Eaton Bray you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Eaton Bray may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
We are purchasing a 2 bedroom bungalowin Eaton Bray with a home loan from a bank. We have a conveyancer in Eaton Bray however our lender advise she’s not listed on their "panel". It seems we have little choice but to instruct one of the our lender panel firms or stay with our Eaton Bray conveyancer and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage company home loan issued is subject to its terms and conditions, one of which will be that lawyers will on the lender's conveyancing panel. Until recently, most mortgage companies had large numbers of law firms on their panels, including most conveyancing solicitors in Eaton Bray : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for your mortgage company.