I was referred a lawyer who has sent a quote for £1350 for leasehold conveyancing in Weymouth. I’m hoping to sell a Victorian house for £200,000. Are these estimated fees excessive? Is it in excess of the norm for conveyancing in Weymouth?
The estimate does seem marginally overpriced. Where you are prepared to spend time scrutinising charges you might decrease the fees slightly by as much as £125. That being said, you maylive to regret opting for an an untested lawyer. Don't forget to ensure the conveyancer can act for your lender. You can employ our search tool to choose a Weymouth conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Weymouth.
Is there a reason why leasehold purchase conveyancing in Weymouth costs more?
Weymouth leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I used Action Conveyancing a few years ago for my conveyancing in Weymouth. I now require my papers however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Weymouth of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying my first flat in Weymouth with a loan from Platform Home Loans Ltd. The builders would not reduce the price so I negotiated £7000 of extras instead. The house builders rep advised me not inform my solicitor about this deal as it could impact my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Weymouth is where the house is located. What do you suggest?
Flying freeholds in Weymouth are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Weymouth you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Weymouth may ascertain 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 residence.