I was recommended to a lawyer who has given a fee calculation of just over a thousand pound for leasehold conveyancing in Portland. I’m looking to sell a newly refurbished detached home for £250,000. This seems expensive. Is it in excess of what I should be paying for conveyancing in Portland?
The charges are a little high. If you shop around you may be able to decrease the fees slightly by as much as £125. That being said, you maycome to regret choosing an an unknown lawyer. Remember to ensure that the firm can also act for your bank. You can make use of our search tool to find a Portland conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Portland.
The Portland conveyancing firm handling our Portland conveyancing has discovered a discrepancy between the assumptions in the valuation survey and what is in the title deeds. My lawyer has advised that he is obliged to check that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s stance right?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Can your site be used to locate a Conveyancing solicitor in Portland even where I’m not purchasing or selling a house, for example if I intend to acquire an office in Portland with a mortgage from Coventry Building Society?
Our comparison service is primarily utilised to locate residential conveyancing solicitors in Portland but we have set out towards the end of this page a few Portland commercial conveyancing firms. You should make contact with the company directly to see if they are also authorised to represent Coventry Building Society
How does conveyancing in Portland differ for newly converted properties?
Most buyers of new build premises in Portland contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is finished. This is because builders in Portland usually purchase 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 accustomed to new build conveyancing in Portland or who has acted in the same development.
I'm refinancing my current property to a BTL loan with HSBC Bank and intend to use the remaining equity as a down payment on another house. The neighborhood we are looking at is Portland. Will your conveyancers be able to act for the two lenders and link together the two deals?
Make use of our search tool on this site to check that the solicitors are approved by both mortgage companies. Having checked that they are the conveyancer should be able to tie up the two transactions but you should have a chat with you lawyer and make clear your expectations and requirements.