Query Re: Conveyance Quote

  • Filter
  • Time
  • Show
Clear All
new posts

    Query Re: Conveyance Quote

    Just purchased a BTL via auction and I am reviewing the quote provided by the conveyancer.

    Included in Disbursements were the following

    - Land Registration Fee
    -Bankruptcy Search Fee
    -Land Registration Search

    My query is around the cost of 'Searches'

    When the property was purchased, the legal pack (provided by the auction) included info relating to'searches' made to the Local Councils, the Environmental Agency, and Water Authorities etc. All of the data provided is as recent as 2-3 months old

    So i wanted to ask whether it is necessary for the conveyancer to charge me for this?

    You are committed to buy the property. Since (a) the auction contract will almost certainly provide that you take the property subject to anything revealed by any searches supplied in the information pack and (b) you have seen the searches, even if not current, there is little point in doing the usual pre-contract searches. A bankruptcy search is not necesssary if you are not taking out a mortgage. A Land Registry search is essential as it provides protection.


      Lawcruncher If i have what you are saying correct, basically the fee to obtain 'searches' info is pointless as I am already committed to purchasing the property..

      If that is the case then I'll ask the conveyancer to remove this charge

      Things like this do not fill me with a lot of confidence when it comes to solicitors/conveyancers.. Surely he should know not to include this in his quote.

      ​​​​​​​I won't be taking out a mortgage on the property. Instead, I will be obtaining bridging finance.. In this situation is a bankruptcy search necessary?


        If the borrowing is not being secured a bankruptcy search should not be needed. According to how the search is made the fee is only a pound or two.


          My conveyancer has informed me that as the searches were all done within the last three months, he is happy with those as contained in the legal pack

          However the conveyancer has stated that bridging lenders occasionally insist on their own 'official search, which differs from the person local authority search'.

          So the conveyancer states that he needs to wait for the lender to appoint a solicitor first in order to clarify whether a new search is required or not..

          When this will be? who know? All of this feels like a lot of unnecessary heel dragging...

          The conveyancer has also informed me that as searches can take two weeks, he's asking me whether he should order the docs now as a precaution


          Latest Activity


          • Remortgaging to a BTL so much to pay!
            My wife and I are in the process of remortgaging our home to a BTL and buying a new home.

            I've been in discussions with a mortgage advisor for the last couple of weeks. The purchase mortgage is straight forward but the BTL mortgage is proving a bit more difficult to decide upon. We...
            21-08-2019, 00:59 AM
          • Reply to Remortgaging to a BTL so much to pay!
            What is the research provided by your broker in focusing on BM Solutions , they are no longer a lender who is the automatic 1st choice

            Ask your broker why he didn't quote the following:-
            Santander 1.39% 27 months fixed including Free Legals
            Barclays 1.41% 27 months fixed including...
            21-08-2019, 16:27 PM
          • Reply to Remortgaging to a BTL so much to pay!
            Thank JP, yeah i was thinking we should fix for longer but if landlording doesn't work out we will have to pay big early repayment charges if we sell.

            The lender our broker has recommended (BM Solutions) pays £300 casback on legal fees. Our solicitor is quoting almost a grand so thats...
            21-08-2019, 08:14 AM
          • Reply to Remortgaging to a BTL so much to pay!
            Most BTL mortgage lenders will use their own solicitor for conveyancing at no (direct) cost to the lender).
            You usually can add the product fee to the amount borrowed - on the basis that you hope the property value increases by at least that.

            While I appreciate that landlording may...
            21-08-2019, 07:48 AM
          • Address wrong on Land Registry Title. A little rant. and request for empathy.
            We are buying a property built in 1847, with some interesting history, and are somewhat frustrated by the both our own solicitor and the vendor and their solicitor.

            Since having our offer accepted, on a house with no chain, either end, it has been 16 weeks, but the last 4 weeks have been...
            06-08-2019, 18:50 PM
          • Reply to Address wrong on Land Registry Title. A little rant. and request for empathy.
            So eventually I phoned the Estate agent and explain that I'm now being told by our solicitor that the vendors solicitor had put in this application, but I'd like proof, if that were possible.
            30 mins later she sent an email, which had an email.from.their solicitor saying it had been done on the...
            20-08-2019, 09:50 AM
          • Solicitors Negligence Question
            Freddie thumb
            I'm read these forums for a little while and just signed up to ask a quick question. I'm not sure if this is 8n 5he right place.

            So I bought a property in 2008 and discovered that the Title to my property was defective in 2015. Basically there was a piece of land on the title of my property...
            12-08-2019, 08:40 AM
          • Reply to Solicitors Negligence Question
            Are you saying that the Land Registry plan does not match the apparent boundaries of the land you occupy? If so, is the problem that you occupy land not shown as yours on the plan or that a neighbour occupies land shown as yours on the plan?
            16-08-2019, 09:46 AM
          • Missing Freeholder and Head Lease questions
            I'm hoping one of you lovely wise people will be able to offer advice.

            I own a leasehold flat and the RTM Company (of which I am a director) would like to purchase the freehold. The flat is one of 5 in a converted building. I've tried everything I can to track down the freeholder...
            08-08-2019, 14:22 PM
          • Reply to Missing Freeholder and Head Lease questions
            The Land Registry records for the freeholder title for your address , will show name of current title holder. You can visit the Land Registry Online website and buy and download a copy of the freehold title for £3 by credit card..

            If the title holder is a company, you can visit Companies...
            12-08-2019, 07:31 AM