I was referred a solicitor who has given a fee calculation of £1150 for fixed fee conveyancing in Whittlesey. I’m selling a Victorian house for £150,000. Is this expensive? Is it in excess of what I should be paying for conveyancing in Whittlesey?
The estimate does seem marginally steep. If you shop around you could get the conveyancing a bit cheaper by perhaps £100 plus VAT. That being said, you couldlive to regret choosing an an unknown lawyer. Remember to check that the conveyancer can also act for your bank. Do use our search tool to find a Whittlesey conveyancing firm on the banks member panel which can often include conveyancing solicitors in Whittlesey.
What can a local search tell me about the property I am buying in Whittlesey?
Whittlesey conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations for example PSG The local search is essential in every Whittlesey conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search will supply information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
Are there restrictive covenants that are commonly picked up during conveyancing in Whittlesey?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Whittlesey. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build house in Whittlesey with a loan from Nottingham Building Society. The developers would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not to tell my conveyancer about this extras as it will impact my loan 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.
I'm converting the mortgage on my primary house to a BTL loan with HSBC Bank and I will use the ballance of the raised equity as a deposit on another house. The area we are talking about is Whittlesey. Will your conveyancers be able to act for the two mortgage companies and tie in the conveyances?
Do use our search tool on this site to ensure that the lawyers are approved by both mortgage companies. On the basis that they are your lawyer will be able to connect the two deals but you should have a chat with you solicitor and make clear your desired outcome and requirements.