My friend's dad is a conveyancing practitioner. I am hopeful that I will receive preferential fee for conveyancing, However if that does not come through, what kind of costs would I typically be looking at for conveyancing in Somersham?
It’s wise to look for 3 or more like-for-like conveyancing quotes. Do use our search tool on this site. You will notice that quotes do vary but the service one can expect differ between property lawyers as is the case with most professions.
Some advice if I may. My Somersham solicitor is advising me that he has toorder Somersham conveyancing searches due to the fact thatthe firm are on the Virgin Moneysolicitor panel. Do I not have a choice here?
Unfortunately both you and your lawyer have little choice here. As you are obtaining a mortgage with a lender your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your solicitor would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the CML Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Somersham conveyancing searches.
We previously selected solicitors with offices in Somersham on the Clydesdale solicitor panel. They are now charging me a further charge for handling the Clydesdale mortgage. Is this an additional conveyancing fee specified by Clydesdale?
Unfortunately, as long as it is in their Terms and Conditions or estimate then yes your property lawyer can charge a fee for this. This charge is not set by Clydesdale but by your Somersham conveyancing practitioner. Plenty of firms on the Clydesdale panel will charge an ‘acting for lender’ fee and others do not.
How can we know in advance if a Somersham conveyancing solicitor on the Coventry BS panel is any good?
When it comes to conveyancing in Somersham getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor conducting your transaction.
My offer was accepted on an apartment in Somersham on 4/1/2021, valuation was booked 2 days after, all came back fine. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to Bank of Ireland and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Bank of Ireland conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.
My husband and I are first time buyers - had an offer accepted, but the property agent informed us that the owners will only move forward if we instruct their recommended lawyers as they need a ‘quick sale’. Our preferred option is to instruct a local conveyancer used to conveyancing in Somersham
It is improbable the vendors are driving this. If they want ‘a quick sale', alienating a motivated buyer is is going to put the whole deal at risk. Avoid the agents and go straight to the sellers and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you are going to instruct your preferred Somersham conveyancing firm - not the ones that will provide the negotiator at the agency a referral fee or hit his conveyancing targets set by senior management.
I have just appointed agents to market my 2 bed flat in Somersham. Conveyancing is yet to be initiated, however I have just had a yearly maintenance charge demand – what should I do?
It best that you pay the invoice as normal given that all rents and maintenance invoices should be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I am the registered owner of a 1st floor flat in Somersham, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Somersham with a long lease are worth £171,000. The ground rent is £50 levied per year. The lease ceases on 21st October 2100
With 79 years remaining on your lease we estimate the price of your lease extension to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.