Recently been in touch with my conveyancing solicitor in Silsoe who conducted the legals two years ago and wanted a conveyancing quote based on the same type of house sale & purchase (a leasehold premises and a freehold premises) of almost identical values with a home loan from Chelsea Building Society. I am now being quoted twice the amount. Better the devil I know or do I try and find a cheaper online firm of conveyancing solicitor?
The estimate fees appear a tad high. If you you were to look around you may be able to trim some of the cost by as much as £100 plus VAT. That being said, providing that you were content with the conveyancing the firm gave you mightcome to regret opting for an an unknown solicitor. Don't forget to enquire the solicitor can also act for Chelsea Building Society. You can utilise our search tool to select a Silsoe conveyancing firm on the Chelsea Building Society member panel, which can often include conveyancing solicitors in Silsoe.
Is there a list of Virgin Money panel conveyancers in Silsoe on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings viewable on the web. If you are seeking to appoint a Silsoe conveyancing practitioner on the Virgin Money please make the most of our tool.
We expect to receive a AIP from Kent Reliance this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Kent Reliance recommend any Silsoe solicitors on the Kent Reliance conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Silsoe solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Silsoe bank branch on a couple of occasions and was told they are content with the situation and they would lend. My Silsoe conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they will not lend based on their specific requirements. I simply don't know who is right.
The conveyancing practitioner has to follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the bank 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 bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Silsoe is the location of the property. Can you shed any light on this issue?
Flying freeholds in Silsoe are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Silsoe you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Silsoe may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I need to instruct a conveyancing solicitor for my conveyancing in Silsoe. I have chance upon a site which looks to be the ideal offering If it is possible to get all the legals done via email that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
When it comes to my conveyancing in Silsoe should I be paying 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 Silsoe conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.