The solicitor who helped my former purchase has given a fee estimate £1400 for freehold conveyancing in Paignton. I am selling a Edwardian property for £200,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in Paignton?
The quote is slightly on the high side. If you shop around you may be able to get the conveyancing a bit cheaper by say a hundred pounds. That being said, you couldcome to rue choosing an an unknown lawyer. If is important to ensure the solicitor can act for your mortgage company. Do employ our search tool to select a Paignton conveyancing company on the banks member panel which can often include conveyancing solicitors in Paignton.
Me and my partner are purchasing a house in Paignton. It might be a silly question but how we can trust a conveyancer? On completion day we have to send funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
How can we know in advance if a Paignton conveyancing solicitor on the Santander panel is any good?
When it comes to conveyancing in Paignton seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor carrying out your conveyancing.
I have instructed a Paignton conveyancing practitioner having checked that they are on the RBS conveyancing panel. Does my lawyer arrange the survey of the property?
RBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually RBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Paignton postcode. As you are getting a mortgage with RBS, you could contact them to see if they have a list of approved surveyors in Paignton.
My friend recommended that where I am buying in Paignton 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 Paignton conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Paignton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Paignton Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information regarding Paignton.
Are there restrictive covenants that are commonly identified during conveyancing in Paignton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Paignton. 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 am buying a new build house in Paignton benefiting from help to buy. The builders refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not inform my solicitor about this deal as it would affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.