Get a decent solicitor that’s the best bit of advice I was given.We've just started on this journey and already I feel terrified as to what is to come. We are first time buyers and everything is new to us. We found the place we liked, have a deposit together and have reserved it but now it's in the hands of our mortgage broker. I'm a bit of a pessimist and even though he thinks we should be fine I can't help but worry. They say the whole process should be finished within 6 weeks and we reserved yesterday. Fingers crossed!
Just got letter from Skipton that my LISA is being cashed in mid Jan!
We've just started on this journey and already I feel terrified as to what is to come. We are first time buyers and everything is new to us. We found the place we liked, have a deposit together and have reserved it but now it's in the hands of our mortgage broker. I'm a bit of a pessimist and even though he thinks we should be fine I can't help but worry. They say the whole process should be finished within 6 weeks and we reserved yesterday. Fingers crossed!
Get a decent solicitor that’s the best bit of advice I was given.
The home builders gave us a recommended solicitor which also happened to be someone a friend used a few years back to do theirs so hopefully we should be good. We haven't had a chance to speak to her yet though as she doesn't start work again until the new year.
My partner is more optimistic than I am. We've had a soft credit check with Halifax in had an agreement in principle for a lot less than what we can actually borrow and the mortgage broker after doing all the affordability checks says we are more than capable of paying it back so we should be eligible. I just never count my chickens before they hatch. I'm shocked at how cheap a mortgage is compared to renting. We'll only be paying about an extra £30 a month each assuming the rates stay the same on the 7th.
Convey Law? I have used them quite a few times, while not the best with communication they have always got the job done. I have noticed a steep increase in their prices of late though which tallies with that £1200 quote.one quoting £1200 but it was in Newport and as you said, could be a pain when it comes to dropping bits off.
Convey Law? I have used them quite a few times, while not the best with communication they have always got the job done. I have noticed a steep increase in their prices of late though which tallies with that £1200 quote.
£1600 seems an awful lot as a legal fee only.
Not advice which is very useful imo. I have bought and sold an above average number of houses i would say. I have always used a solicitor miles away, and done everything via post. It has always been fine but of course isnt worth bothering with unless you make a saving.Always pick your own solicitor and one that you can actually visit, local to the property at the very least. There are certain things about purchases of houses in each area that only the local ones will know and its also dead handy to be able to drop a form in or do an ID check without a 100mile drive.
A bad solicitor is a major pain, cutting costs here will mostly cost you time or money one way or the other.
What are you including within that £1600? As a basic legal fee that is quite high and i would certainly be unwilling to pay that. Disbursements of course vary wildly so it is hard to compare if that quote is some sort of all encompassing number.I'm not 100% who the firm was. I found them online using a sort of comparison site. Oh really? Others seemed to be in the same ballpark area apart from the ones taking the mickey at £2400 but perhaps they were just trying to price us out!
What are you including within that £1600? As a basic legal fee that is quite high and i would certainly be unwilling to pay that. Disbursements of course vary wildly so it is hard to compare if that quote is some sort of all encompassing number.