The conveyancer who assisted with my last purchase has quoted £1350 for fixed fee conveyancing in Ramsey. I am hoping to sell a Georgian detached home for £300,000. This seems over the top. Is it in excess of what I should be paying for conveyancing in Ramsey?
The costs illustration is fractionally on the high side. If you are happy to expend time comparing costs you may be able to trim some of the expense by perhaps £125. That being said, you maycome to rue opting for an an untested solicitor. Remember to ensure the solicitor can act for your bank. Do employ our comparison tool to locate a Ramsey conveyancing firm on the banks member panel which can often include conveyancing solicitors in Ramsey.
My solicitor has discovered a defect with the lease for the property we are purchasing in Ramsey. The seller’s lawyers have suggested title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancer says that he must check that the mortgage company is content with this solution. Are we the client or is the lender?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
I am downsizing from our house in Ramsey and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A local conveyancer would know this is not the case. It does beg the question why the buyers are using an internet conveyancing practice rather than a conveyancing solicitor in Ramsey. Having lived in Ramsey for 5 years we know that this is a non issue. Is it a good idea to contact our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
How does conveyancing in Ramsey differ for newly converted properties?
Most buyers of new build residence in Ramsey come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Ramsey tend to purchase the land, 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 property lawyers 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 accustomed to new build conveyancing in Ramsey or who has acted in the same development.
Is it best to use a Ramsey conveyancing practitioner based in the vicinity that I am hoping to buy? I have an old university friend who can handle the legal formalities however they are based 300miles away.
The primary upside of using a local Ramsey conveyancing firm is that you can drop in to execute documents, deliver your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and the majority were impressed that must surpass using an unknown Ramsey conveyancing solicitor solely due to them being round the corner.