I was recommended to a conveyancer who has sent a quote for just over a thousand pound for leasehold conveyancing in Ferring. I’m hoping to downsize from a newly refurbished house for £175,000. Are the quoted fees excessive? Is it in excess of the average fee for conveyancing in Ferring?
The charges are a little high. If you shop around you could get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, you maylive to regret choosing an an unknown conveyancer. Remember to be sure the solicitor can act for your lender. You can make use of our search tool to get a quote a Ferring conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Ferring.
Forgive me if this question is silly but I am wet behind the ears as FTB of a two bedroom flat in Ferring. Do I receive the keys to the property on the completion date from my conveyancer? If this is the case, I will use a High Street conveyancing solicitor in Ferring?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the completion advance to the seller's lawyers, and shortly after the monies have arrived, you will be called to receive the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
is it true that all Ferring solicitors on the Santander conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Santander approved list of solicitors they would need to be governed by the SRA. Many banks do list licenced conveyancers on their panel in which case such practice would be governed by the Council of Licensed Conveyancers.
Planning on purchasing a flat in Ferring. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Ferring conveyancing practitioner is on the Principality conveyancing panel.
I have been told that property searches are the primary reason for obstruction in Ferring conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Searches are unlikely to feature in any slowing down conveyancing in Ferring.
Me and my brother purchased a 4 bedroom Edwardian house in Ferring. Conveyancing practitioner acted for me and Nottingham Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You need to 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ferring and other locations in 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 purchasers. You can also enquire as to the position with the conveyancing practitioner who completed the work.
I opted to have a survey carried out on a property in Ferring ahead of instructing conveyancers. I have been informed that there is a flying freehold element to the house. The surveyor advised that some lenders may refuse to grant a loan on such a house.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to telephone us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Ferring. Conveyancing will be smoother if you use a solicitor in Ferring especially if they are accustomed to such properties in Ferring.