We were about to instruct a conveyancing solicitor in Parkwood Springs found on your site but stumbled across some other quotes via the web seem less expensive – how come?

There are hundreds of solicitors marketing at first sight what seems to be cut price. Our recommendation is to give due consideration about how much you respect your own move to you are willing to take 'cheap' risks with regard to the quality of the legal work. Many of them list a cheap fee to grab your attention but hide supplemental fees in the fine print..

I am the registered owner of a freehold premises in Parkwood Springs but nevertheless charged rent, why is this and what is this?

It is rare for properties in Parkwood Springs and has limited impact for conveyancing in Parkwood Springs 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 date back many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.

Is it the case that all Parkwood Springs solicitors on the TSB conveyancing panel are overseen by the Solicitors Regulatory Authority?

As a firm of solicitors, in order to be on the TSB approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do permit licenced conveyancers on their panel in which case such firms would be overseen by the CLC.

We previously selected conveyancing lawyers with offices in Parkwood Springs on the HSBC solicitor approved list. They are now charging me a further fee for dealing with the HSBC mortgage. Is this a supplemental conveyancing fee specified by HSBC?

As unfair as it may appear, as long as it’s in their Terms and Conditions or estimate then yes your lawyer may charge a fee for this. The charge is not set by HSBC but by your Parkwood Springs conveyancing practitioner. Plenty of firms on the HSBC panel will charge ’dealing with mortgage’ fee but some practices incorporate it on their overall fee.

My wife and I are in the throws of viewing apartments in Parkwood Springs and I am now considering a potential offer. Is it premature to have a solicitor in place? I am planning to take a mortgage with Lloyds.

You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are taking out a mortgage with Lloyds, ask your prospective lawyers if they are on the Lloyds conveyancing panel otherwise they can't do the mortgage legal work.

How does conveyancing in Parkwood Springs differ for new build properties?

Most buyers of new build residence in Parkwood Springs approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because builders in Parkwood Springs typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Parkwood Springs or who has acted in the same development.

I need to retain a conveyancing solicitor for residential conveyancing in Parkwood Springs. I have discover a web site which seems to have the perfect solution If it is possible to get all the legals completed via phone that would be ideal. Do I need to be wary? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?