My family solicitor has quoted £1200 for leasehold conveyancing in Oldbury.I’m selling a purpose built property for 300,000 + 25k increments. Are these conveyancing fees excessive. Is it above what I should be paying for conveyancing in Oldbury?
The costs illustration is slightly on the steep side.If you are happy to invest time scrutinising charges you might trim some of the cost by say £100 plus VAT. On the other hand, you mightlive to rue opting for an an untested solicitor. Don't forget to ensure that the conveyancer can represent your mortgage company.You can employ our search tool to find a Oldbury conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in Oldbury.
We are buying a property in Oldbury. It might be a silly question but how we can trust a solicitor? On completion day we will need to put money into their account. What protection do 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.
Should my lawyer be asking questions regarding flooding as part of the conveyancing in Oldbury.
Flooding is a growing risk for solicitors dealing with homes in Oldbury. Some people will purchase a house in Oldbury, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Conveyancers are not best placed to offer advice on flood risk, but there are a various searches that can be undertaken by the purchaser or by their solicitors which will figure out the risks in Oldbury. The standard completed inquiry forms given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the owner to find out whether the premises has ever been flooded. If the residence has been flooded in past which is not notified by the seller, then a buyer could issue a legal claim for losses as a result of such an inaccurate answer. A buyer’s conveyancers will also order an enviro report. This will disclose whether there is any known flood risk. If so, further investigations should be made.