I was referred a solicitor who has sent a quote for £995 for no move no fee conveyancing in Hornsea. I’m hoping to downsize from a Georgian property for £200,000. This sounds over the top. Is it above what I should be paying for conveyancing in Hornsea?
The estimate does seem marginally overpriced. Where you are prepared to invest time contrasting costs you might get the conveyancing a bit cheaper by as much as £125. On the other hand, you mightcome to rue choosing an an unknown lawyer. If is important to ensure the conveyancer can also act for your mortgage company. You can employ our comparison tool to get a quote a Hornsea conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Hornsea.
We're in Hornsea, First timers buying with a mortgage (lender is TSB , and our solicitor is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer 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.
I used Wolstenholmes several years ago for my conveyancing in Hornsea. I now require my file however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hornsea of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying a new build house in Hornsea benefiting from help to buy. The developers refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not reveal to my lawyer about the extras as it could affect my loan with the lender. 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.
I am just shy of a 10% deposit on my flat purchase in Hornsea , but I still want to go ahead. What can I do?
One option is to try and agree a lesser deposit. Many property owners will agree to a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second