We see that you have a search directory identifying firms on the Bank of Ireland conveyancing panel. Do companies pay you a referral fee if I appoint them for our own conveyancing in Rayleigh?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Rayleigh.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Rayleigh. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 16/9/2020, the requirements read as follows :
How does conveyancing in Rayleigh differ for newly converted properties?
Most buyers of new build property in Rayleigh contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is constructed. This is because house builders in Rayleigh usually acquire the land, 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 conveyancing solicitors 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 Rayleigh or who has acted in the same development.
We're FTB’s - agreed a price, yet the estate agent informed us that the seller will only issue a contract if we appoint their chosen solicitors as they are insisting on a ‘quick sale’. Our preferred option is to instruct a family solicitor who is familiar with conveyancing in Rayleigh
It is unlikely the owners are driving this. If they want ‘a quick sale', taking such a hostile approach to a serious purchaser is likely to cause more damage than good. Speak to the owners direct and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you are going to instruct your own,trusted Rayleigh conveyancing solicitors - not the ones that will provide their estate agent a kickback or hit his conveyancing figures demanded by senior management.
When it comes to my conveyancing in Rayleigh should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Rayleigh conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancer's time in submitting the funds this way.