The solicitor who dealt with my former purchase has given a fee estimate just over a thousand pound for no move no fee conveyancing in Poringland. I am looking to sell a Edwardian house for £250,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Poringland?
The estimate does seem a tad overpriced. Where you are willing to invest time contrasting prices you could get the conveyancing a bit cheaper by say a hundred pounds. That being said, you mightlive to regret opting for an a cheaper conveyancer. Remember to be sure that the solicitor can also act for your bank. Do utilise our comparison tool to get a quote a Poringland conveyancing firm on the banks member panel which can often include conveyancing solicitors in Poringland.
We're in Poringland, FTBs purchasing with a mortgage (lender is Barclays , and our solicitor is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Last month we had a mortgage agreed in principle with Nottingham. Poringland conveyancing practitioners have been appointed. How long does it take for Nottingham to send the offer to the conveyancer?
Some lenders take longer than others. Have Nottingham completed the valuation? Have you advised Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Poringland building society branch on various occasions and was told they are content with the situation and they will lend. My Poringland conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they will not lend in accordance with their published requirements. I have no idea who is right.
Provided that the conveyancing practitioner is on the lender approved list, she or he must comply with the CML Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Having digested plenty of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Poringland solicitor - who is on the Nottingham conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Nottingham will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nottingham will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Poringland postcode. As you are getting a mortgage with Nottingham, you could contact them to see if they have a list of approved surveyors in Poringland.
Are there restrictive covenants that are commonly identified during conveyancing in Poringland?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Poringland. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm remortgaging my current house to a buy to let mortgage with Barclays Direct and I will use the rest of the raised equity as a down payment on another house. The area we are interested in is Poringland. Will your conveyancers be able to act for the two banks and tie in the transactions?
Make use of our comparison tool on this page to check that the conveyancers are on the appropriate lender panels. Having checked that they are the conveyancer should be able to connect the two conveyancing matters but you should talk with you lawyer and communicate your expectations and requirements.