My previous solicitor has sent a quote for £1150 for no move no fee conveyancing in Portslade. I am looking to sell a modern house for £200,000. Are these conveyancing fees excessive? Is it above the norm for conveyancing in Portslade?

The estimate does seem marginally steep. If you shop around you might get the conveyancing a bit cheaper by say £100 plus VAT. That being said, you maylive to rue opting for an an untested lawyer. If is important to be sure the conveyancer can also act for your mortgage company. Do employ our comparison tool to select a Portslade conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Portslade.

Due to complete my purchase in Portslade next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the lender. What risks does the mortgage company expect the insurance to cover?

Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook instructions. These requirements are not specific to conveyancing in Portslade.

In what way does my ID and proof of funds have anything to do with my conveyancing in Portslade? Why is this being asked of me?

In order to comply with Money Laundering Regulations any Portslade conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you live.

Under Money Laundering Regulations, property lawyers are obliged by law to validate not just the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this will lead to your conveyancer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers are duty bound to make a disclosure to the appropriate authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.

A colleague pointed out to me me that in purchasing a property in Portslade there may be various restrictions affecting the ability to carry out external changes to the property. Is this right?

There are a number of properties in Portslade which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Portslade should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Can you help - my lawyer says that chancel insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Portslade?

The right level of chancel indemnity insurance should be dictated by who your lender. It would differ for example between HSBC Bank and Skipton Building Society. Conveyancing solicitors as opposed to members of the public take out such insurances.

My wife and I are spending time viewing flats in Portslade and I am about to put in an offer. Should I already have a property lawyer in place at this point? I will be getting a home loan with Nottingham.

You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are obtaining a mortgage with Nottingham, make sure you remember to check that your lawyer is on the Nottingham conveyancing panel.

I am looking to sell my property. My previous lawyers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Portslade if that makes a difference.

You should use our search tool to help you find a solicitor for your conveyancing in Portslade. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.