My family solicitor has sent a quote for £1150 for freehold conveyancing in Ilkley. I am selling a modern property for £125,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Ilkley?
The estimate does seem a tad overpriced. Where you are prepared to spend time scrutinising fee on a like for like basis you may be able to reduce the fees marginally by as much as £125. That being said, you mightcome to rue opting for an a cheaper lawyer. If is important to check that the solicitor can represent your bank. You can make use of our comparison tool to locate a Ilkley conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in Ilkley.
There are a variety of conveyancing solicitors in Ilkley but how do I know who I should use?
Do not opt for the lowest Ilkley conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
This question may be naive but I am wet behind the ears as FTB of a two bedroom flat in Ilkley. 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 Ilkley?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the seller's lawyers, and once they have received this, you should be called to receive the keys from the property Agents and start moving into the property. This tends to happen early afternoon.
At last I have had an offer on a flat in Ilkley agreed to, the sellers do nevertheless have a tied purchase. The vendors have offered on on an apartment, but it’s not been accepted yet, and are looking at other properties in the pipeline. I have chosen a local conveyancing solicitor in Ilkley. What do I do now? When do I get the mortgage application with HSBC started?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx one thousand pounds, then survey, Ilkley conveyancing search charges, etc). First, you must check that your lawyer is on the HSBC approved list. Concerning the subsequent steps this very much depends on the circumstances of your case, desire for the property and on the state of the market. In a buoyant market many purchasers would apply for the mortgage with HSBC and pay for the valuation and only if it comes back ok would they ask their property lawyer to move forward with searches.
A friend recommended that where I am buying in Ilkley 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 sometimes included in the estimate for your Ilkley conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Ilkley around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Ilkley Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Ilkley Education with maps and statistics, Local Amenities and other useful data regarding Ilkley.
Are there restrictive covenants that are commonly identified as part of conveyancing in Ilkley?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Ilkley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I decided to have a survey done on a house in Ilkley ahead of appointing lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some lenders tend refuse to issue a loan on such a property.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ilkley. Conveyancing may be slightly more expensive based on your lender's requirements.