Recently been in touch with my conveyancing lawyer in Oundle who acted for me 18 months ago requesting a conveyancing quote based on an identical type of home move (a leasehold premises and a freehold premises) of similar values with a home loan from Birmingham Midshires. It looks as though am now being quoted twice the amount. Am I right to be tempted to shop around for a cheaper internet firm of conveyancing solicitor?
The estimate does seem a little on the high side. If you you were to look around you may be able to decrease the fees slightly by as much as £125. On the other hand, assuming were happy with the conveyancing the firm provided you mightcome to rue choosing an an unknown lawyer. Don't forget to ensure the solicitor can also act for Birmingham Midshires. Do use our search tool to get a quote a Oundle conveyancing firm on the Birmingham Midshires approved list of lawyers, which can often include conveyancing solicitors in Oundle.
Will lawyers request money on account for my conveyancing in Oundle?
Where you are retaining lawyers for conveyancing in Oundle your solicitor will request that you to provide them with funds to cover the search fees. Normally this is asked for to cover the fees of the Local Authority Search. If any down payment is as part of the purchase price then this should be asked for shortly prior to exchange of contracts. The closing balance that is due should be sent to your lawyer shortly before completion.
A relative informed me that in purchasing a property in Oundle there may be a number of restrictions prohibiting external alterations to the property. Is this right?
We are aware of a number of properties in Oundle which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Oundle should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am due to move home in July. Does my conveyancing solicitor communicate with the removal company on the completion day. Incidentally, can you suggest a removal company in Oundle. Conveyancing firm was organised before I stumbled across your website.
On the day of completion you can pick up the keys from your property agent however this should only occur after the previous owners conveyancers inform the agent that they acknowledge receipt of the completion payment and the keys can be released. You can inform the removal men that they can start moving you in. We do not suggest a particular removal company but can assist you in locating a conveyancing in Oundle or a legal practice with expertise in conveyancing in Oundle.
We had instructed conveyancing lawyers locally in Oundle on the Kent Reliance solicitor approved list. They have just invoiced me a supplemental amount for handling the Kent Reliance mortgage. Is this an additional conveyancing fee set by Kent Reliance?
Unfortunately, as long as it is in their Terms and Conditions or estimate then yes your conveyancer can levy a fee for this. The charge is not dictated by Kent Reliance but by your Oundle conveyancing practitioner. Some firms on the Kent Reliance panel will charge ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.
Am I right to be suspicious that third parties that I am dealing with are suggesting an internet conveyancing firm as opposed to a High Street Oundle conveyancing practice?
As with many service providers, often suggestions from relatives can be very helpful. Nevertheless there are many players in a conveyancing deal; estate agents, financial adviser and lenders might all put forward solicitors to select. On occasion these conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there might be a financial incentive behind the recommendation. You have the right to choose your preferred lawyer. Don't forget that some banks have an approved list of conveyancers you must use for the mortgage related work in your house move.
When it comes to my conveyancing in Oundle should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Oundle conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the solicitor's time in submitting the funds this way.