We are purchasing a house in Nechells. I might seem paranoid but how we can trust a conveyancer? On the day of competition we will need to send money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to lenders such as Santander, do Nechells conveyancers have to pay a fee to be on the list of approved solicitors?
We are unaware of any lender fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
After what seems like an age I have had an offer on a flat in Nechells agreed to, the owners do nevertheless have a connected purchase. The vendors have placed an offer on a flat, however it’s not yet tied up, and are looking at other properties in the pipeline. I have chosen a high street conveyancing solicitor in Nechells. What do I do now? When do I get the mortgage application with Yorkshire BS going?
It is understandable to have apprehensions 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, Nechells conveyancing search charges, etc). First, you must check that your conveyancing practitioner is on the Yorkshire BS conveyancing panel. As to the subsequent phase this very much dictated by the uniqueness of your case, attraction to the property and on the state of the market. In a rising market many home buyers would apply for the mortgage with Yorkshire BS and pay for the valuation and only if it comes back ok would they pay their lawyer to press on with the conveyancing in Nechells.
Due to the guidance of my in-laws I had a survey completed on a property in Nechells ahead of instructing solicitors. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies may not grant a loan on this type of property.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Nechells. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been recommended by a number of selling agents in Nechells to locate a property lawyer on your site. Is there a financial advantage for Estate Agents to recommend your lawyers ahead of alternative conveyancing organisations?
We don’t give any referral fee for sending work in our direction. We thought it would be too underhand a fee as home movers will think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
We're first time buyers - had an offer accepted, but the property agent told us that the vendor will only move forward if we instruct their chosen solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a family conveyancer who is familiar with conveyancing in Nechells
It is improbable the owners are driving this. Should the owner want ‘a quick sale', alienating a motivated buyer is is going to put the whole deal at risk. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are chain free (d) you wish to move quickly (e)however you are going to instruct your preferred Nechells conveyancing firm - rather thanthe ones that will give the negotiator at the agency a commission or achieve conveyancing targets pre-set by HQ.
Is there a difference between surveying and conveyancing in Nechells?
Conveyancing - in Nechells or elsewhere - is the legal term given to transferring legal title of property from one person to another. It therefore includes the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are intending to buy and will help you find out about the condition of the building and, if there are problems, give you leverage for reducing the price down or asking the vendor to remedy the problems prior to you complete your move.