My friend's sister is a conveyancer. I am hopeful that I'll be able to get preferential fee for conveyancing, but if not, what kind of costs should I be paying for conveyancing in Surrey?
It’s advisable to look for two or three conveyancing quotes. Make use of our comparison tool on this page. You will notice that estimates may contrast greatly but service levels do are distinct between property lawyers as is the case with most professions.
I am only a couple days away from an exchange on a flat in Surrey and my mum and dad have sent the 10% deposit to my conveyancing practitioner. I am now advised that as the deposit has been sent from someone other than me my solicitor needs to disclose this to my lender. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your solicitor is obliged to clarify with mortgage company to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Our bank has recommended solicitors on their panel based in Surrey but I would rather use a conveyancing lawyer in Surrey local to me. Are you able to help?
Far from all Surrey conveyancing solicitors are approved and listed on all lender’s conveyancing panel. Use our find an approved solicitor tool to locate a Surrey conveyancing solicitor on the on the bank panel.
four months have gone by since my purchase conveyancing in Surrey concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
After what seems like an age I have had an offer on an flat in Surrey agreed to, but there is a chain. The current proprietors have submitted an offer on a property, however it’s not yet agreed to, and are looking at other properties in the pipeline. I have instructed a nearby conveyancing lawyer in Surrey. What do I do now? At what point do I apply for the mortgage with Virgin Money?
It is understandable to have concerns where there is a chain given your reluctance to incur costs prematurely (home loan application is in the region of £1k, then survey, Surrey conveyancing search costs, etc). First, you must ensure that your conveyancer is on the Virgin Money approved list. As to the next steps this very much dictated by the specifics of your case, desire for the property and on the state of the market. In a buoyant market many home buyers would apply for the mortgage with Virgin Money and arrange for the valuation and only if it comes back ok would they pay their conveyancer to proceed with the conveyancing in Surrey.