Our family solicitor has given a fee calculation of £995 for no sale no fee conveyancing in Osterley. I’m hoping to sell a Edwardian property for £150,000. Are these conveyancing fees excessive? Is it above the norm for conveyancing in Osterley?
The charges are a bit high. If you are prepared to invest time scrutinising costs you might trim some of the expense by perhaps a hundred pounds. On the other hand, you mightlive to regret choosing an an untested conveyancer. Remember to be sure the solicitor can act for your bank. Do employ our comparison tool to select a Osterley conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Osterley.
How up to date is your database of Osterley solicitors on the Principality conveyancing panel? Do Principality send you an updated list?
Osterley conveyancing firms themselves provide us confirmation that they are on the Principality conveyancing panel as opposed to being supplied with a list from Principality directly.
I just acquired a flat at auction in Osterley. Conveyancing is required. What happens now?
Having legally bound yourself to purchase you must retain a conveyancing lawyer as a matter of urgency as you now have a fast approaching a drop dead date to complete the purchase. Every auction property will ordinarily have a bespoke auction pack. This will include most,if not all of the paperwork that your lawyer will need. In the case of leasehold premises the auction papers should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to leasehold premises. You need to give this to the lawyer instructed by you at the earliest opportunity. You also need to ensure that your finances are organised to complete on the on the contractual date .
My wife and I purchasing a 4 bedroom semi-detached house in Osterley. The intention is to carry out an extension to the side at the property.Will legal conveyancing on the property involve investigations to ascertain if these alterations are permitted?
Your conveyancer should review the registered title as conveyancing in Osterley will sometimes reveal restrictions in the title documents which restrict certain alterations or necessitated the consent of another owner. Certain extensions need local authority planning consent and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be sensible to check these things with a surveyor ahead of any purchase.
When it comes to lenders such as Leeds Building Society, do Osterley solicitors have to pay a fee to be on the list of approved solicitors?
We are unaware of any mortgage company fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Due to the advice of my in-laws I had a survey completed on a house in Osterley ahead of retaining lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some lenders may refuse to grant a loan on this type of premises.
It varies from the lender to lender. Santander has different instructions for example to Halifax. If you e-mail us we can look into this further 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 Osterley. Conveyancing will be smoother if you use a solicitor in Osterley especially if they are acquainted with such properties in Osterley.
We have AIP from Halifax who suggested we could borrow up to £218k. When do I need to instruct a lawyer for conveyancing? Osterley is where we plan to move to.
It would be wise to instruct a conveyancer now and ask them to open a file for you. This will facilitate: 1) the selling agent to send out the Sales Memo to the relevant parties 2) the seller’s property lawyer to send out the draft contract. However, do not ask your conveyancer to order searches until you have your valuation report from Halifax and you are happy to move forward.