My best friend’s uncle is a property lawyer. I am hopeful that I will be offered preferential pricing for conveyancing, However if that does not come materialise, what kind of figure would I typically be looking at for conveyancing in March?
It’s a good idea to look for two or three conveyancing quotes. Make use of our comparison tool on this site. You will notice that fees seem to vary but service levels do differ between law firms as is true with the vast majority of professional services.
Why is leasehold purchase conveyancing in March is more expensive?
The conveyancing costs for a leasehold property in March is often greater when contrasted to a freehold acquisition or disposal. This is due to the supplemental work necessary in dealing with the freeholder and management company to collate the information concerning whether the rent and maintenance charges have been cleared and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the block.
Do the Building Society Association intend to launch a online directory to list practices on the Norwich and Peterborough Building Society conveyancing panel for instance in March?
We have not been informed any plans on the part of the BSA to promote such a search facility.
Are all March Conveyancing Quality Solicitors on the Aldermore conveyancing list of approved firms?
A selection of banks and building societies now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
Planning on purchasing a maisonette in March. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the March lawyer is on the UBS conveyancing panel.
My sealed bid on a house in March has been accepted, but there is a chain. The owners have placed an offer on somewhere, but it’s not been accepted yet, and have viewings of other properties in the pipeline. I have instructed a high street conveyancing solicitor in March. What do I do now? When do I get the mortgage application with Nationwide started?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then valuation, March conveyancing search charges, etc). The first course of action is to check that your conveyancer is on the Nationwide approved list. As to the next steps this very much dictated by the specifics of your transaction, motivation for this property and on the state of the market. During a buoyant market the majority of buyers would apply for a home loan with Nationwide and arrange for the valuation and only if it comes back ok would they request their lawyer to move forward with the conveyancing in March.
I moved into my flat on 12 September and the transaction details is yet to be registered. Any reason for this? My conveyancing solicitor in March said it would be recorded inside ten days. Are properties in March particularly slow to register?
There is nothing unique when it comes to conveyancing in March registration formalities. Rather than based on location, timescales can adjust subject to the party submitting the application, whether it is in order and if the Land registry have to notify any interested persons or bodies. As of today roughly 80% of such applications are fully dealt with within 12 days but some can be subject to extensive hold-ups. Historically registration takes place once the purchaser is living at the premises thus 'speed' is not always primary concern yet if it is urgent that the the registration takes place urgently then you or your solicitor must contact the land registry and explain the circumstances.