My family lawyer has given a fee estimate just over a thousand pound for fixed fee conveyancing in Coombe. I’m selling a purpose built detached home for £225,000. Are these estimated fees excessive? Is it in excess of the average fee for conveyancing in Coombe?
The estimate does seem marginally steep. If you are content to invest time comparing prices you may be able to decrease the fees marginally by say a hundred pounds. On the other hand, you couldlive to rue choosing an an unknown solicitor. Remember to ensure that the conveyancer can represent your mortgage company. You can use our search tool to get a quote a Coombe conveyancing firm on the banks member panel which can often include conveyancing solicitors in Coombe.
Our son is in the process of securing a newly built flat in Coombe with a mortgage from . His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am helping my aunt sell her property in Coombe. Will the solicitor order an energy assessment or do I organise this?
After the abolition of HIPs, energy performance certificates was kept a compulsory component of selling a house. An EPC needs to be commissioned before the property is placed on the market. This is not something that solicitors ordinarily arrange. If you are instructing a Coombe conveyancing practitioner they may be willing to arrange EPC’s given their contacts with long established Coombe assessors
When it comes to lenders such as , do Coombe face an annual charge to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
We have a mortgage agreed in principle with . Coombe conveyancing solicitors have been instructed. What is the average time that one could expect to receive a mortgage offer from ?
Some lenders take longer than others. Have done the survey? Have you informed as to your lawyers' details and checked that your lawyers are on the conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
How does conveyancing in Coombe differ for new build properties?
Most buyers of new build or newly converted property in Coombe approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Coombe usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Coombe or who has acted in the same development.
I have been on the look out for a flat up to £305k and identified one close by in Coombe I like with open areas and transport links nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Coombe for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the remaining unexpired lease term will be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.