We decided to go with a high street firm for my conveyancing in Newbury today. Reviewing the official terms of business I noteI am on the hook for fees even if the sale doesn't happen. Would I be best advised to appoint an on-line conveyancing company promising no-sale-no-fee conveyancing in Newbury?
Generally there is a concession along the lines that if "No Completion No Fee" is advertised then the conveyancing charges will generally be uplifted to cover those transactions that do not proceed. Also remember that such schemes generally do not cover expenditure e.g. Newbury conveyancing search fees.
We are buying a flat and require a conveyancing solicitor in Newbury who is on the Leeds Building Society solicitor panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Newbury.
I am remortgaging my flat in Newbury, does my lawyer need to be on the Bank of Ireland Conveyancing panel?
In theory, you could use a solicitor that is not on the Bank of Ireland conveyancing panel, but Bank of Ireland would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Is it the case that all Newbury conveyancing solicitors on the Co-operative conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Co-operative approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. The majority of mortgage companies do permit licenced conveyancers on their panel and in such a situation the organisation would be regulated by the Council of Licensed Conveyancers.
How can we know in advance if a Newbury conveyancing solicitor on the Principality panel is any good?
When it comes to conveyancing in Newbury obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor carrying out your conveyancing.
Principality have agreed my home loan in principle, my bid on a flat in Newbury has been accepted, now what?
Your estate agent will wish to be informed of your property lawyer's details (ensure that the property lawyers are on the lender’s panel). Call up Principality or your financial adviser and finish off any outstanding forms. Principality will appoint a valuer who will get in contact with the selling agent or owners to schedule a slot for the valuation to happen. Once conducted (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Principality will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Newbury.
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Newbury is the location of the property. Is there any advice you can impart?
Flying freeholds in Newbury are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Newbury you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Newbury may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.