We chose a Great Missenden based solicitor for our conveyancing in Great Missenden last week. Looking through the Ts and Cs I seeI am on the hook for costs even where the conveyance does not complete. Would I be best advised to instruct an on-line conveyancing company promoting no move no charge conveyancing in Great Missenden?
It is usually a trade off in that if "No Completion No Fee" is available then the conveyancing charges will generally be uplifted to neutralise those cases that abort. Also remember that these arrangements rarely protect you from disbursements for example Great Missenden conveyancing search expenses.
Why do I have to pay up front for conveyancing in Great Missenden?
Where you are retaining lawyers for conveyancing in Great Missenden your solicitor will ask you put them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. When the down payment is payable against the purchase price then this should be needed shortly prior to exchange of contracts. The closing balance that is due will be payable shortly before completion.
Is there a search tool that I can utilise to investigate if the solicitor carrying out my conveyancing in Great Missenden is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Yorkshire Building Society thus paying £187.00 plus VAT in another set of legal charges.
Please do make use of the search tool on this site. Please choose the mortgage company and type ‘Great Missenden’ or your preferred area and you will be presented with numerous solicitors located in Great Missenden or nearest you.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Great Missenden is the location of the property. What do you suggest?
Flying freeholds in Great Missenden are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Great Missenden you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Great Missenden 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 property.
My solicitors in Great Missenden have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with the lender. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the mortgage company directly.