My previous lawyer has sent a quote for £1700 for freehold conveyancing in Potton. I am selling a newly refurbished property for £175,000. Is this over the top? Is it in excess of what I should be paying for conveyancing in Potton?
The costs illustration is slightly on the high side. If you are content to spend time comparing costs you may be able to decrease the fees marginally by perhaps a hundred pounds. On the other hand, you couldlive to rue opting for an an unknown solicitor. If is important to enquire the firm can also act for your mortgage company. Do employ our search tool to get a quote a Potton conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Potton.
I am buying a newly built duplex in Potton and my lawyer is informing me that she is duty bound to the bank to disclose incentives from the builder. I am under pressure to exchange contracts and I would rather not delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I decided to have a survey completed on a property in Potton prior to retaining lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some lenders may refuse to issue a loan on this type of property.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Potton. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are FTB’s - agreed a price, but the agent informed us that the owners will only move forward if we use the agent's recommended conveyancers as they need a ‘quick sale’. Our preferred option is to instruct a high street solicitor accustomed to conveyancing in Potton
We suspect that the owner is not behind this demand. If they desire ‘a quick sale', alienating a serious buyer is not the way to achieve this. Bypass the agents and go straight to the owners and make sure they understand (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you will continue to instruct your preferred Potton conveyancing solicitors - as opposed tothe ones that will earn their negotiator at the agency a kickback or hit his conveyancing thresholds pre-set by head office.
What type of conveyancing services do Potton conveyancing firms supply?
By and large Potton conveyancing organisations can conduct a broad array of services to domestic and rural land owners, sellers, first time buyers, freeholders and leaseholders and you can expect them to do some of the following services:
Residential sale conveyancing in Potton or across the country
Property purchase conveyancing in Potton and nationwide
Leasehold conveyancing selling and buying Letting Agreements in Potton and countrywide Assisted buying schemes - Help to Buy conveyancing Portfolio and off-shore remortgages