I was recommended to a conveyancer who has given a fee estimate £1700 for fixed fee conveyancing in Shepperton. I’m looking to sell a modern house for £275,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Shepperton?
The charges are a little high. Where you are content to spend time comparing costs you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. That being said, you mightcome to regret choosing an an unknown conveyancer. If is important to be sure the conveyancer can represent your mortgage company. Do use our search tool to choose a Shepperton conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Shepperton.
We're in Shepperton, FTBs purchasing with a mortgage (lender is Aldermore , and our lawyer is on the Aldermore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
A relative informed me that in buying a property in Shepperton there may be various restrictions affecting the ability to carry out external alterations to a property. Is this right?
There are anumerous of properties in Shepperton which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Shepperton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have a mortgage agreed in principle with Yorkshire BS. Shepperton conveyancing solicitors are selected. What is the average time that one could expect to receive a mortgage offer from Yorkshire BS?
Some lenders take longer than others. Have Yorkshire BS conducted the survey? Have you advised Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Shepperton bank branch on various occasions and was told it does not affect the mortgage offer and they will lend. My Shepperton conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
Provided that the conveyancer is on the mortgage company approved list, they must follow the CML Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
A relative suggested that if I am purchasing in Shepperton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Shepperton conveyancing searches. It is not a small report of about 40 pages, listing and detailing significant information about Shepperton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Shepperton Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data about Shepperton.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the lender conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.