Should lawyers ask for an advanced payment when it comes to conveyancing in Felpham?
Where you are retaining lawyers for conveyancing in Felpham your solicitor will request that you to provide them with funds to cover the search fees. Normally this is called for to cover the fees of the Local Authority Search. When the down payment is payable against the total price then this should be asked for immediately before exchange of contracts. The final balance that is needed will be payable a couple of days ahead of the day of completion.
We're in Felpham, First time buyers buying with a mortgage (lender is Skipton , and our solicitor is on the Skipton conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Skipton 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.
We had chosen conveyancers with offices in Felpham on the Lloyds solicitor panel. They are now charging me an additional fee for the legal aspects of the Lloyds mortgage. Is this a supplemental conveyancing fee specified by Lloyds?
Unfortunately, so long as it is in their Terms of Engagement or Quote then yes your property lawyer is entitled to charge a fee for this. This fee is not dictated by Lloyds but by your Felpham conveyancing practitioner. Numerous firms on the Lloyds panel will levy ’dealing with mortgage’ fee and others do not.
After months of negotiation I have agreed a price on a house in Felpham. My mortgage broker pressured me to appoint their conveyancing practitioner. I paid an advanced payment of £175. Soon after, the property lawyer called me sheepishly admitting that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Kent Reliance have agreed my mortgage in principle, my offer on a flat in Felpham has been accepted, what are the next steps?
The property agent will need to know who your solicitors are (be sure the conveyancers are on the bank’s panel). Telephone Kent Reliance or your financial adviser and finish off any outstanding forms. Kent Reliance will instruct a valuer who will get in contact with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about a week for the mortgage offer to be issued. Kent Reliance will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Felpham.
How does conveyancing in Felpham differ for newly converted properties?
Most buyers of new build property in Felpham approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is built. This is because house builders in Felpham tend to acquire the land, 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 conveyancers 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 used to new build conveyancing in Felpham or who has acted in the same development.
My husband and I are novice buyers - agreed a price, but the agent has warned us that the vendor will only go ahead if we instruct the agent's recommended solicitors as they want a ‘quick sale’. Our preferred option is to instruct a local solicitor accustomed to conveyancing in Felpham
It is improbable the sellers are driving this. If they desire ‘a quick sale', alienating a motivated purchaser is not the way to achieve this. Try to communicate with the sellers directly and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you will continue to use your preferred Felpham conveyancing lawyers - not the ones that will earn the negotiator at the agency a commission or meet his conveyancing thresholds demanded by senior management.