My previous conveyancer has sent a quote for £1350 for no sale no fee conveyancing in Henbury. I’m looking to sell a purpose built property for £150,000. Are the quoted fees excessive? Is it above the norm for conveyancing in Henbury?
The quote is slightly on the high side. If you shop around you may be able to shave off some of the expense by as much as £125. On the other hand, you mightlive to regret opting for an an unknown lawyer. Don't forget to ensure the conveyancer can act for your bank. You can make use of our search tool to locate a Henbury conveyancing firm on the banks member panel which can often include conveyancing solicitors in Henbury.
I am being advised by my solicitor that restrictive coveneant insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Henbury?
The right level of restrictive coveneant indemnity insurance depends on your lender. It would differ for example between Halifax and Norwich and Peterborough Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.
When it comes to lenders such as Lloyds, do Henbury lawyers have to pay a fee to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
I have today made my last payment due on my mortgage with TSB. I assume I don't need a Henbury lawyer on the TSB panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
What tools are available to search for a Henbury solicitor on the Leeds Building Society conveyancing panel? I have a car and am prepared to travel upto 25miles to meet the solicitor.
Feel free to make use of the facility on this page. Please pick a lender and your location and you will see a number of Henbury conveyancing lawyers located nearest you. We have listed some Henbury conveyancing firms at the bottom of this page and you can call them to see if they are on the Leeds Building Society panel
Last November I purchased a leasehold house in Henbury. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Henbury Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing
For many Henbury leaseholds the outlay for major works are not included within maintenance charges, although some managing agents in Henbury obliged leaseholders to contribute towards a sinking fund created for the specific purpose of building a fund for larger works. Is anyone aware of any major works in the near future that will likely add a premium to the service fees? Make sure you find out if there is anything that is prohibited in the lease. For instance some leases prohibit pets being permitted in certain buildings in Henbury. If you love the propertyin Henbury yet your dog is not allowed to move with you then you will be presented with a difficult decision.
Do I have to attend the offices of the mortgage company conveyancing panel solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Henbury as it will be easier to pop in to their offices if required.
Most conveyancing panel lawyers for the lender undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Henbury. it would nevertheless be wise to check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.