Recently contacted my conveyancing lawyer in Marlow who acted for me 18 months ago asking for a conveyancing estimate based on the same type of house move (a leasehold residence and a freehold property) of similar values with a home loan from Nottingham Building Society. It looks as though am now being quoted twice the amount. Should I hunt for an alternative property lawyer?
The estimate does seem a little steep. If you shop around you could reduce the fees slightly by perhaps £125. On the other hand, assuming were content with the conveyancing the firm provided you couldcome to rue choosing an an untested lawyer. Remember to ensure that the conveyancer can also act for Nottingham Building Society. Do use our search tool to choose a Marlow conveyancing firm on the Nottingham Building Society conveyancing panel, which can often include conveyancing solicitors in Marlow.
Please help. My Marlow solicitor is assuring me that he is legally obliged toapply for Marlow conveyancing searches resulting from the fact thatthe firm are on the Lloydssolicitor panel. These Marlow searches cost a lot of money can this be avoided?
You have limited options available to you. Given that you are taking out a loan with a mortgage company your property lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the CML Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Marlow conveyancing searches.
I purchased a freehold premises in Marlow yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Marlow and has limited impact for conveyancing in Marlow but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Should our conveyancer be making enquiries concerning flooding during the conveyancing in Marlow.
The risk of flooding is if increasing concern for lawyers conducting conveyancing in Marlow. Plenty of people will purchase a house in Marlow, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Lawyers are not qualified to give advice on flood risk, however there are a number of checks that may be carried out by the buyer or on a buyer’s behalf which will give them a better appreciation of the risks in Marlow. The standard information given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a usual question of the seller to determine whether the premises has ever been flooded. If the premises has been flooded in past which is not disclosed by the owner, then a buyer could issue a legal claim for losses as a result of such an misleading answer. A purchaser’s solicitors will also conduct an environmental search. This should disclose whether there is a recorded flood risk. If so, more detailed inquiries should be conducted.
How simple is it to use the search app to get a quote from a conveyancing solicitor in Marlow on the panel for my lender?
1st select a mortgage company such as HSBC Bank, Chelsea Building Society or Aldermore then type in your preferred area such as Marlow. Conveyancing firms in Marlow and further afield should be listed.