Conveyancing Solicitors For Liverpool

It is important to remember that your firm will want to complete the legal process as quickly as possible. None of our firms will sacrifice customer service and communication for speed as our focus is a 5* service.
It is important to remember though that the firms do not receive their fees until the process is complete so it is not in your firm’s interest to delay matters.
With remortgages, the industry average is 4-8 weeks but we have seen cases complete within 2 weeks.
With buying and selling houses the industry average is 12 weeks but again we have seen our firms complete much quicker than this. The main problem with any form of conveyancing is the delays incurred by people or other businesses which are out of your control e.g.

• You may be in a chain if buying and/or selling a house and other people can slow this down
• If you are using a lender to provide a mortgage or remortgage they can often hold things up
• Clients themselves sometimes delay matters by not having the paperwork ready or available
• If searches are required then delays can be suffered depending on the organisation processing the searches

No, you do NOT need a local conveyancing firm.
There are three misconceptions about using a local conveyancing firm, namely:

• The firm knowing the area may help
• I may get a cheaper quote as I am local
• It will result in the conveyancing completing sooner
• It is more convenient for me if I can just pop in and see my lawyer

Whether you choose a local firm is a different matter but you do NOT need your firm to be local.
Our firms can secure your identification document using modern methods meaning they do not need to have your identity verified in old fashioned ways (e.g. by visiting the lawyers office in person).
The location of the firm is irrelevant. Any local knowledge has no impact upon the conveyancing process which is heavily transactional and document-based.
On the contrary, in our experience when researching potential firms to join our panel, a lot of local conveyancing firms are more expensive than their national counterparts. We believe many local firms know that some clients are not going to research the market and are going to contact their local firm. In addition, the less work a firm receives the greater the pressure is to increase prices to make ends meet.
The speed in which conveyancing completes depends on a number of factors so the location of a firm is irrelevant. Any chain and the pace at which they move, along with any issues caused along the chain, your own efficiency in responding to queries and providing information, along with time spent waiting on surveyors, lenders, and for search results, etc mean there are a lot of factors which impact upon the speed of a conveyancing transaction.
There is no need for face to face meetings or visits in a conveyancing transaction. The only benefit we can think of is that rather than sending documents to the firm via stamped addressed envelope you can hand them in to the firm directly. This apart there is no extra convenience gained by selecting a local firm.

Most legal fee pricing is pretty similar. Where a firm is based, how good its internal systems and software are, their business model, and a number of other factors impact upon what price a firm will provide for a quote. There are three factors to consider in any quote: 1) The firm’s legal fee (profit costs) 2) Is the firm providing a full quote with no hidden charges? Sometimes quotes can appear cheaper because the quote has not been provided in full 3) There are disbursements (additional fees) and supplementary fees required to complete the process which is not related to the firm’s legal fee. Examples are: Stamp duty fees Land Registry fees BACS (cost of the banking transfers) Searches (local searches etc) VAT on the legal fee

1. The legal costs are usually paid for at the end. E.g. when the process is completed. 2. Some disbursements (e.g. transactional fees) such as local searches or official copies will be paid for up-front by you. You will have received confirmation of these within any quote before you instructed the solicitor. Other disbursements are paid at the end. 3. Some firms ask for some money up-front e.g. 10% of their legal fees but most do not.

Quotes can be misleading. Some companies only quote you for their fees to make the cost seem attractive. This quote may not include their VAT and/or the disbursements. What are disbursements? Disbursements are the fees which you must pay for, not limited to but including, bacs transfers, land registry fees, fees for the searches, etc. Many companies leave these items off resulting in you receiving a bigger invoice than you expected. Make sure your quote includes all VAT and disbursements to ensure you have accurate information and can budget correctly.
An example of the quote headings when buying a house is below:
Legal Fee
VAT
Disbursements & Supplementary fees:
Land registry fees
Stamp Duty
Search Pack
OS1 search
Bankruptcy search (per name)
ID check (each one)
Electronic file holding
CHAPS

Certificate of Title – Form submitted to a mortgage lender requesting mortgage funds once checks have been completed against the property. Chain – The buyers and sellers involved linking the properties being bought and sold. Completion – The date the transaction of buying/selling a house is legally completed. This is the day you move. This date will be set after contracts are exchanged. Conditions of sale – The terms attached to the contract in which the buyer and seller agree to buy/sell the property. Contract – A written and binding agreement between the buyer and seller including all information relating to the house sale/purchase transaction. You will exchange after completion dates are agreed upon. Conveyance – A document transferring ownership of a property from a seller to a buyer. Deposit – Money paid to sellers on the exchange of contracts Disbursements – Expenses incurred such as Land Registry fees and searches Early repayment charge – A payment to your lender for ending or repaying the mortgage sooner than the end of the term. This will be confirmed in your mortgage documents. Environment Search – Search designed to reveal the presence and records of flooding, landfill sites, contamination, etc. Exchange of Contracts – The date when contracts are exchanged and a date is agreed and confirmed for completion. Fixtures and fittings – Items to remain in the property or to be removed. Freehold – Freehold is a title explaining ownership. This includes all the land (unless otherwise stated) and is forever. Ground Rent – A charge payable to the owner of freehold land on leasehold properties. Guarantor – A person who indemnifies a borrower making the guarantor liable in any default by the borrower. Indemnity insurance – An insurance policy to cover losses arising from title defects and mistakes. Joint tenants – When owners own the property in equal shares. Land Registry fees – A fee(s) payable for obtaining copy documents and registering changes of ownership of a property. Land Registry – Responsible for recording ownership of land. Lease – The document where a landlord contracts with a tenant in respect of a property for a fixed period. Any ground rent and service charges are confirmed, rent payable, and what you can do with the property. Leasehold – Ownership of land for a term of years. Leasehold relates to the property. Leaseholder – Also a tenant. Local authority search – Are there any issues or regulations which restrict the property? As an example a conservation area, whether there are any proposals for new highways or public transport in the area, amongst many other items including any planning permission. Mortgage Deed – The mortgage document. Mortgage fees – Fees payable to your lender in respect of the arranging and administering of the mortgage. Redemption figure – The amount needed to fully repay your mortgage. Registration – Registering the updated property details with the Land Registry. Search – Checks carried out against the property to reveal any problems or issues. Stamp Duty – Stamp Duty Land Tax. Charged by the government on completion of buying a property. Structural survey – A survey specifically looking at elements relating to the property and its structure. Subject to Contract – An agreement prior to contracts Tenants in Common – Similar to joint tenants but whereas with joint tenants if one person dies ownership transfers to the other owner with tenants in common upon the death of the first owner their share passes in accordance with the terms of their will. Title Deeds – Document with background information about the property’s ownership history. Transfer of Equity – Transferring ownership of property commonly when you get married or divorced. The “equity” transfers. Valuation – Valuation of a property for the lender to value the property and help assess and calculate a mortgage.

Not limited to but including:
1. Proof of identity and address
2. Energy performance certificate
3. Management information pack
4. Fittings and consent form
5. Existing mortgage details
6. Acceptance of offer