My previous lawyer has sent a quote for just over a thousand pound for no sale no fee conveyancing in Ipswich. I am looking to sell a Georgian property for £275,000. Are these conveyancing fees excessive? Is it in excess of the average fee for conveyancing in Ipswich?
The estimate does seem a tad steep. If you shop around you could get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, you maycome to regret choosing an an untested solicitor. Don't forget to enquire that the conveyancer can represent your mortgage company. You can utilise our comparison tool to choose a Ipswich conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Ipswich.
Do banks and building societies provide you with an approved list of Ipswich conveyancing solicitors? How do you know who is on the Virgin Money conveyancing panel?
Ipswich conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
I am considering applying for a UBS mortgage for purchase of a newly converted (under development) in Ipswich with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for UBS ?
In theory, you could use a solicitor that is not on the UBS conveyancing panel, but UBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
2 months have elapsed since my purchase conveyancing in Ipswich took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Estate agents have just been given the go-ahead to market my garden apartment in Ipswich. Conveyancing lawyers have not yet been instructed, however I have just had a half-yearly maintenance charge demand – Do I pay up?
It best that you discharge the maintenance contribution as normal as all rents and maintenance invoices should be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Ipswich Leasehold Conveyancing - Examples of Queries before buying
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Does the lease have more than 90 years left? How many of the leaseholders are in arrears for their maintenance charge payments? The prefered form of lease arrangement is a share of the freehold. In this situation the leaseholders benefit from being in charge if their destiny and although a managing agent is usually retained where it is bigger than a house conversion, the managing agent is directed by the tenants.