I went with a high street firm for our conveyancing in Epsom today. Reviewing the fine print I noteI am on the hook for charges even if the dealdoes not proceed. Would I be best advised to choose an internet solicitor practice advertising no move no charge conveyancing in Epsom?
Generally there is a compromise along the lines that if "No Sale No Fee" is offered then the fee levels will generally be uplifted to offset the conveyances that abort. Do bear in mind that these deals rarely cover expenses for instance Epsom conveyancing search charges.
Can conveyancing in Epsom to be concluded in under two weeks?
In a situation where you are under time constraints to exchange it is highly recommended that your lawyer is familiar with the area as they will make use of local relationships and know-how. It is even conceivable that they may have transacted otherhomes in the same road. You would be best advised to use a Epsom conveyancing firm. Second, check that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that 18% of Epsom conveyancing transactions are delayed or derailed after finding out that a purchaser’s lawyer was not on their mortgage lender’s list of approved solicitors. This can often result in the transaction being delayed by an average of three weeks. It is claimed that this issue affects approximately 100,000 home moves annually. Most Epsom conveyancing firms can not act for certain mortgage companies so do check as early as possible.
My Solicitor in Epsom is not listed on the Barnsley Building Society Solicitor Panel. Can I still use my family solicitor notwithstanding that they are not on the Barnsley Building Society panel?
The limited options open to you here include:
- Complete the purchase with your existing Epsom lawyers but Barnsley Building Society will need to retain a solicitor on their panel. This will result in additional total legal charges and result in frustration.
- Find an alternative practitioner to act in the conveyancing, not forgetting to check they are Persuade your solicitor to do everything within their powers to join the Barnsley Building Society conveyancing panel
Should my conveyancer be raising questions concerning flooding during the conveyancing in Epsom.
Flooding is a growing risk for conveyancers conducting conveyancing in Epsom. There are those who acquire a house in Epsom, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to offer advice on flood risk, however there are a numerous searches that can be carried out by the buyer or by their conveyancers which should give them a better appreciation of the risks in Epsom. The standard information given to a buyer’s solicitor (where the Conveyancing Protocol is adopted) contains a usual inquiry of the seller to discover if the property has ever been flooded. If the residence has been flooded in past and is not notified by the vendor, then a purchaser could commence a compensation claim as a result of such an incorrect response. A buyer’s solicitors will also conduct an enviro report. This should higlight whether there is any known flood risk. If so, additional investigations will need to be initiated.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a simple, chain free conveyancing. Epsom is where the house is located. Can you shed any light on this issue?
Flying freeholds in Epsom are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Epsom you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Epsom 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.