My fiance’s step-father is a solicitor. I expect that I'll be able to get friends and family fee for conveyancing, but if not, what kind of fees should I be expecting for conveyancing in Wimborne?
It’s sensible to obtain multiple conveyancing estimates. Do use our search tool on this site. Whilst quotes seem to contrast greatly but the service one can expect are distinct between law firms as is true with the vast majority of professional services.
We had appointed solicitors with offices in Wimborne on the Principality solicitor panel. They have just billed me a separate fee for dealing with the Principality mortgage. Is this a supplemental conveyancing fee set by Principality?
As unfair as it may appear, as long as it’s in their Terms and Conditions or Quote then yes your solicitor is entitled to levy a fee for this. The fee is not dictated by Principality but by your Wimborne solicitor. Numerous firms on the Principality panel will levy ’dealing with mortgage’ fee but many firms include it on their overall fee.
We expect to receive a DIP from Virgin Money this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Virgin Money recommend any Wimborne solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint Wimborne solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
I've read lots of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Wimborne solicitor - who is on the Clydesdale conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Clydesdale will need an independent valuation of the property. Your lawyer will not arrange this. Usually Clydesdale will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Wimborne postcode. As you are getting a mortgage with Clydesdale, you could contact them to see if they have a list of approved surveyors in Wimborne.
How does conveyancing in Wimborne differ for newly converted properties?
Most buyers of new build premises in Wimborne contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Wimborne tend to purchase the real estate, 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 conveyancing solicitors 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 used to new build conveyancing in Wimborne or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Wimborne in advance of retaining conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some banks may not issue a mortgage on such a home.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. If you e-mail us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wimborne. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Wimborne cover?
Non domestic conveyancing in Wimborne incorporates a broad range of guidance, offered by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.