I was referred a lawyer who has quoted just over a thousand pound for fixed fee conveyancing in Porthleven. I’m looking to sell a newly refurbished house for £175,000. Is this overpriced? Is it above what I should be paying for conveyancing in Porthleven?
The estimate does seem a tad steep. Where you are content to invest time contrasting costs you could get the conveyancing a bit cheaper by perhaps £100 plus VAT. That being said, you maycome to regret opting for an an unknown conveyancer. Don't forget to check the firm can represent your mortgage company. You can use our search tool to select a Porthleven conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Porthleven.
Completed the sale of my flat in Porthleven last September yet the purchaser is SMS messaging me complaining that her conveyancer needs to hear from mine. What should have happened now that I have sold?
Following your sale your solicitor is committed to send the transfer deeds and all of the paperwork to the purchaser's lawyers. Where relevant, your solicitor must also confirm that the mortgage has been repaid to the purchasers conveyancers. There is unlikely to be post completion steps just for conveyancing in Porthleven.
What is your number one tip for choosing a conveyancing solicitor in Porthleven
Do not opt for the lowest Porthleven conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
I can not fathom if my mortgage offer requires a lease extension. I have called my Porthleven building society branch on numerous occasions and was told it wasn't an issue and they would lend. My Porthleven conveyancing solicitor - who is on the bank conveyancing panel- called and was told they refuse to lend based on their specific requirements. Who do I believe?
As long as the property lawyer is on the lender approved list, they must adhere to the Council of Mortgage Lenders’ Handbook requirements for the lender. 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 lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
Having digested plenty of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Porthleven solicitor - who is on the HSBC conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
HSBC will need an independent valuation of the property. Your lawyer will not arrange this. Usually HSBC 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. You may wish to consider appointing your own Porthleven surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Various online forums that I have visited warn that are a common cause of hinderance in Porthleven conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays during the legal transfer of property. Local searches are unlikely to feature in any delay in conveyancing in Porthleven.
I'm purchasing a new build house in Porthleven with the aid of help to buy. The sellers would not budge the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not inform my solicitor about this side-deal as it will put at risk my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.