I am acquiring a house without a mortgage in Lifton. I have resided for the last twelve years in Lifton. Conveyancing searches are a lot of money. As I know the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then almost all of the Lifton conveyancing searches are non-obligatory. Your conveyancer will ’encourage you, perhaps strongly, that you should have searches carried out, but he is duty bound to do this. One thing to consider; if you are intend to sell the house in the future, it may be of relevance to your prospective purchaser what the searches reveal. Sometimes houses with functional issues can still throw up unfavourable search results. A good conveyancing solicitor in Lifton will be able to give you some helpful guidance here.
We see that you have a post code search directory identifying solicitors on the UBS conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Lifton?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Lifton.
After looking at moneysavingexpert.com for an online lawyer in Lifton, many post that I should look for a CQS accredited lawyer. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in home moving process, trusted by some of the UK's major lenders. Four years ago the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). CQS is not a scheme offered by the Society for Licensed Conveyancers. Lifton is one of the numerous areas of the UK where there are CQS lawyers.
I opted to have a survey completed on a property in Lifton before appointing solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies may not give a loan on such a home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. If you contact us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lifton. Conveyancing will be smoother if you use a solicitor in Lifton especially if they regularly deal with such properties in Lifton.
When it comes to my conveyancing in Lifton should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Lifton conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.