My previous solicitor has quoted £995 for no sale no fee conveyancing in Westminster. I am hoping to downsize from a purpose built detached home for £200,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in Westminster?
The estimate does seem marginally overpriced. If you are happy to invest time scrutinising charges you could get the conveyancing a bit cheaper by as much as £125. On the other hand, you mightlive to rue opting for an an unknown solicitor. If is important to enquire that the firm can represent your lender. Do utilise our search tool to locate a Westminster conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Westminster.
Can your site be used to find a Conveyancing solicitor in Westminster even if I’m not purchasing or selling a house, for example where I intend to buy a shop in Westminster with a loan from Barnsley Building Society?
The service is predominantly utilised to get a quote from domestic conveyancing solicitors in Westminster but we have recorded towards the bottom of this page a selection of Westminster commercial conveyancing firms. You will need to speak with the company directly to establish if they can also act for Barnsley Building Society
Can I be sure that the Westminster conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Westminster seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer handling your conveyancing.
I am expecting a OIP from HSBC this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do HSBC recommend any Westminster solicitors on the HSBC conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Westminster solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
The mortgage over my property is with Nationwide for my property in Westminster. Conveyancing has been completed 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Nationwide?
You must advise Nationwide before letting out your property as this is likely to be a breach of Nationwide’s mortgage conditions. It may be that Nationwide will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nationwide directly. It should not be necessary to do this via a Nationwide conveyancing panel lawyer.
I'm purchasing a new build house in Westminster with the aid of help to buy. The developers refused to move on the amount so I negotiated 6k of extras instead. The property agent advised me not to tell my conveyancer about the side-deal as it will jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
We are in the middle of purchasing a property in Westminster. Conveyancing solicitor has told us the property is "Leasehold". Does this impact our Halifax valuation?
Westminster conveyancing does not normally involve leasehold houses. The key factor here is the length of lease and the ground rent. If there are hundred of years years remaining with a nominal rent, it's almost the same as freehold, so it’s unlikely to affect the saleability significantly.
On the flip side, if it's, say, 50 years it will have a material effect on the value, and most likely wouldn't be mortgageable. The length of lease and ground rent will be specified in the lease provided to your conveyancing practitioner.