My family solicitor has sent a quote for £1350 for no sale no fee conveyancing in Princes Risborough. I’m selling a newly refurbished detached home for £275,000. Is this too much? Is it in excess of what I should be paying for conveyancing in Princes Risborough?
The quote is slightly on the steep side. If you are prepared to expend time contrasting charges you may be able to get the conveyancing a bit cheaper by perhaps a hundred pounds. That being said, you couldcome to rue opting for an an unknown solicitor. Remember to be sure that the solicitor can act for your lender. Do employ our search tool to get a quote a Princes Risborough conveyancing practice on the banks conveyancing panel which can often include conveyancing solicitors in Princes Risborough.
I am nearing an exchange on a flat in Princes Risborough and my mum and dad have transferred the exchange deposit to my conveyancing practitioner. I am now advised that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I advised the bank regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
Your conveyancing practitioner is duty bound to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
It has been 3 months following my purchase conveyancing in Princes Risborough completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been recommended by three or four local property agents in Princes Risborough to locate a solicitor on your site. Is there a financial advantage for Estate Agents to recommend your lawyers ahead of a competitor’s?
We don’t give any referral fee for directing people our way. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
We're first time buyers - had an offer accepted, but the selling agent told us that the owners will only go ahead if we instruct their preferred conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local solicitor accustomed to conveyancing in Princes Risborough
It is highly unlikely the sellers are behind this. If they desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is is going to put the whole deal at risk. Contact the vendors directly and make sure they understand (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you intend to use your preferred Princes Risborough conveyancing solicitors - not the ones that will provide the estate agent a referral fee or hit his conveyancing targets demanded by senior management.