We hired a high street solicitor for our conveyancing in Radcliffe recently. Upon checking the terms of engagement it is apparent thatwe are responsible for fees even if the movedoes not proceed. Would I be best advised to instruct an internet firm advertising no move no charge conveyancing in Radcliffe?
Generally there is a compromise along the lines that if "No Completion No Fee" is advertised then the conveyancing charges will generally be more expensive to counteract the conveyances that fail to complete. Do bear in mind that such offerings generally do not protect you from expenses such as Radcliffe conveyancing search fees.
is it true that all Radcliffe solicitor practices on the Lloyds conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Lloyds approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. The majority of lenders do allow licenced conveyancers on their panel in which case such organisation would be regulated by the CLC.
Intending to buy a maisonette in Radcliffe. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nationwide conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Radcliffe conveyancer is on the Nationwide conveyancing panel.
Bank of Ireland have agreed my mortgage in principle, my bid on a flat in Radcliffe has been agreed to, now what?
Your estate agent will need to be informed of your conveyancer's details (ensure that the conveyancers are on the lender’s approved list). Contact Bank of Ireland or the broker and finalise any relevant paperwork. Bank of Ireland will instruct a valuer who will get in touch with the estate agent or owners to schedule a time for the valuation to happen. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Bank of Ireland will send the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Radcliffe.
Will our solicitor be making enquiries concerning flooding during the conveyancing in Radcliffe.
The risk of flooding is if increasing concern for solicitors dealing with homes in Radcliffe. There are those who buy a property in Radcliffe, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not best placed to impart advice on flood risk, but there are a various searches that can be carried out by the buyer or on a buyer’s behalf which will give them a better understanding of the risks in Radcliffe. The conventional set of information sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) includes a standard inquiry of the vendor to determine whether the premises has suffered from flooding. In the event that flooding has previously occurred and is not revealed by the seller, then a buyer could commence a compensation claim stemming from an inaccurate response. A buyer’s lawyers may also carry out an enviro report. This will disclose whether there is any known flood risk. If so, more detailed inquiries will need to be conducted.
I opted to have a survey completed on a house in Radcliffe in advance of instructing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies may not grant a mortgage on such a premises.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you contact us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Radcliffe. Conveyancing will be smoother if you use a solicitor in Radcliffe especially if they are acquainted with such properties in Radcliffe.
In my capacity as executor for the will of my father I am disposing of a house in Newport but live in Radcliffe. My lawyer (who is 235 miles awayrequires that I execute a statutory declaration prior to completion. Could you suggest a conveyancing practitioner in Radcliffe to attest this legal document for me?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are based in Radcliffe