The solicitor who assisted with my last purchase has sent a quote for £1700 for freehold conveyancing in Cudham. I’m looking to sell a Victorian property for £300,000. Are these estimated fees excessive? Is it in excess of the average fee for conveyancing in Cudham?
The costs illustration is slightly on the steep side. If you shop around you might shave off some of the cost by as much as £100 plus VAT. That being said, you maycome to regret opting for an a cheaper solicitor. If is important to ensure that the conveyancer can act for your lender. Do use our search tool to get a quote a Cudham conveyancing firm on the lender’s conveyancing panel which can often include conveyancing solicitors in Cudham.
Our conveyancer has uncovered a a legal deficiency with the lease for the flat we are buying in Cudham. The other side have suggested title insurance as a workaround. We are content with insurance and will cover the costs. Our property lawyer has advised that he must ensure that the bank is willing to move forward with this solution. Who is the client here, us or the mortgage company ?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. The appropriate lender provisions must be adhered to.
My aunt advised me that in purchasing a property in Cudham there may be a number of restrictions affecting the ability to carry out external alterations to a property. Is this right?
We are aware of anumerous of properties in Cudham which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Cudham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am being advised by my conveyancer that lack of planning permission insurance is needed on my purchase. What is the level of cover for Cudham conveyancing?
The right level of lack of planning permission indemnity insurance should be dictated by who who your lender is. It would differ for example between Accord Mortgages Ltd and Barnsley Building Society. Conveyancing practitioners as opposed to members of the public take out such policies.
is it true that all Cudham solicitor firms on the Aldermore conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Aldermore approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. The majority of banks do allow licenced conveyancers on their panel and in such a situation the organisation would be regulated by the CLC.
My husband and I are new on the property ladder - had an offer accepted, but the selling agent advised that the vendor will only move forward if we appoint the agent's recommended lawyers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family solicitor who is accustomed to conveyancing in Cudham
It is unlikely the sellers are driving this. Should the vendor require ‘a quick sale', taking such a hostile approach to a serious purchaser is not the way to achieve this. Avoid the agents and go straight to the owners and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are chain free (d) you intend to proceed fast (e)but you are going to instruct your own,trusted Cudham conveyancing firm - as opposed tothose that will give the estate agent a referral fee or hit his conveyancing figures set by HQ.
I have appointed a Cudham conveyancing solicitor for our home move (novice purchasers) and have spotted in the Ts and Cs that they are not overseen by the FCA. Need I be worried or is that standard with conveyancer?
We can't see why they should be. Most solicitor don't lend money. They should be governed by the SRA, who have strict conditions regulating funds deposited in their bank.