The solicitor who helped my last purchase has quoted £1700 for freehold conveyancing in Enfield. I’m hoping to sell a newly refurbished property for £275,000. Are the quoted fees excessive? Is it above the norm for conveyancing in Enfield?
The costs illustration is slightly on the steep side. Where you are happy to expend time contrasting charges you may be able to get the conveyancing a bit cheaper by say £125. That being said, you maylive to rue choosing an an unknown lawyer. If is important to check the solicitor can also act for your lender. You can make use of our comparison tool to locate a Enfield conveyancing practice on the banks conveyancing panel which can often include conveyancing solicitors in Enfield.
My property lawyer in Enfield has never been on on the Nottingham Building Society Conveyancing Panel. Is it possible for me to retain my family solicitor even though they are not on the Nottingham Building Society panel of approved conveyancing solicitors?
The limited options available to you here include:
- Carry on with your preferred Enfield lawyers but Nottingham Building Society will need to instruct a solicitor on their panel. This will result in additional overall legal fees as well as result in delays.
- Get an alternative solicitor to to deal with the purchase, obviously checking they are Nottingham Building Society approved.
- Try to convince your Nottingham Building Society solicitor to seek to join the Nottingham Building Society panel
If you had a top tip for choosing a conveyancing solicitor in Enfield what would it be?
We would encourage you not to base your choice on the cheapest Enfield conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
We had instructed conveyancing lawyers locally in Enfield on the Co-operative solicitor panel. They are now charging me a separate charge for dealing with the Co-operative mortgage. Is this an additional conveyancing fee specified by Co-operative?
Provided it is contained in their Terms and Conditions or estimate then yes your lawyer may levy a fee for this. The fee is not set by Co-operative but by your Enfield conveyancer. Some firms on the Co-operative panel will charge ’dealing with mortgage’ fee and others do not.
I am selling my flat. I had a double glazing fitted in April 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Leeds Building Society are being pedantic. The Enfield solicitor who is on the Leeds Building Society conveyancing panel is recommending indemnity insurance as a solution but Leeds Building Society are insisting on a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Me and my brother own a renovated Victorian property in Enfield. Conveyancing lawyer represented me and TSB. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Enfield and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with your conveyancing lawyer who carried out the work.
I'm buying my first flat in Enfield benefiting from help to buy. The developers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The estate agent told me not disclose to my conveyancer about this extras as it would impact my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.