The solicitor who helped my former purchase has sent a quote for £1200 for no sale no fee conveyancing in Westbourne. I am hoping to sell a purpose built house for £150,000. Are the quoted fees excessive? Is it in excess of the norm for conveyancing in Westbourne?
The quote is fractionally on the expensive side. If you are happy to spend time comparing quotes you may be able to trim some of the expense by say £125. On the other hand, you couldcome to rue choosing an an unknown conveyancer. Don't forget to enquire that the solicitor can act for your mortgage company. Do make use of our search tool to select a Westbourne conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Westbourne.
Our solicitor has identified a defect with the lease for the flat we are buying in Westbourne. The seller’s lawyers have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer says that he must ensure that the bank is happy with this solution. Who is the client here, us or the bank?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the mortgage company are the client. The appropriate lender conditions must be adhered to.
A friend recommended that where I am buying in Westbourne I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Westbourne conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Westbourne around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Westbourne.
I purchased a semi-detached Victorian property in Westbourne. Conveyancing practitioner acted for me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Westbourne and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing lawyer who conducted the conveyancing.
How does conveyancing in Westbourne differ for newly converted properties?
Most buyers of new build property in Westbourne approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because developers in Westbourne typically buy 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 conveyancers 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 Westbourne or who has acted in the same development.