My previous solicitor has sent a quote for £1700 for no sale no fee conveyancing in Sutton On Sea. I am selling a newly refurbished detached home for £250,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Sutton On Sea?
The quote is slightly on the high side. Where you are content to spend time contrasting costs you may be able to get the conveyancing a bit cheaper by perhaps £125. On the other hand, you mightcome to regret choosing an a cheaper solicitor. If is important to check the firm can act for your bank. You can employ our comparison tool to select a Sutton On Sea conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Sutton On Sea.
My home in Sutton On Sea is up for sale and I have accepted an offer. Will the conveyancer need to be on the UBS conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the UBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently currently.
I am purchasing a new build house in Sutton On Sea with the aid of help to buy. The sellers refused to move on the amount so I negotiated £7000 of extras instead. The house builders rep told me not inform my lawyer about this side-deal as it would put at risk my loan with the lender. Should I keep quiet?.
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.
Is it best to use a Sutton On Sea conveyancing solicitor based in the vicinity that I am purchasing? We have a good friend who can perform the legal formalities but her office is 200kilometers drive away.
The primary upside of using a local Sutton On Sea conveyancing firm is that you can visit the firm to execute documents, deliver your identification documents and pester them if necessary. They will also have local knowledge which is a benefit. That being said it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and the majority were content that should surpass using an unknown Sutton On Sea conveyancing lawyer solely due to them being based in the area.
At what stage do I incur stamp duty due for my house transaction in Sutton On Sea?
Most solicitors will complete a stamp duty return on your behalf during your Sutton On Sea conveyancing transaction for signature. After completion your conveyancer will submit the STL Return Form to the Inland Revenue and - assuming they have the funds - discharge any land tax payable on your behalf.