My family lawyer has sent a quote for £1350 for no completion no fee conveyancing in Liverpool. I am hoping to sell a Victorian detached home for £175,000. Are these conveyancing fees excessive? Is it above the norm for conveyancing in Liverpool?
The estimate does seem marginally steep. If you shop around you could trim some of the expense by say a hundred pounds. That being said, you maylive to regret opting for an a cheaper solicitor. Don't forget to check that the solicitor can act for your mortgage company. You can employ our comparison tool to get a quote a Liverpool conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Liverpool.
My partner and I are only a couple days away from an exchange on a flat in Liverpool and my parents have sent the 10% deposit to my property lawyer. I am now informed that as the deposit has been received from someone other than me my conveyancer needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your property lawyer is obliged to check with lender to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We see that you have a search directory listing law firms on the Yorkshire BS conveyancing panel. Do companies pay you a commission if I appoint them for our own conveyancing in Liverpool?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Liverpool.
Are the BSA intent on creating a online directory to list practices on the Earl Shilton BS conveyancing panel for example in Liverpool?
We have not been informed any intention on the part of the BSA to promote such a tool.
three months have gone by since my purchase conveyancing in Liverpool concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.