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Call
us for your solicitor house fees quote. All inclusive
remortgage packages, sales purchases and transfer of
equity
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Fixed Fee Quote |
No Completion No Legal Fees |
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No Hidden Extras |
Cheapest Quotes Guaranteed |
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Acting for your Mortgage
Lender included |
Completion of SDLT form
included Free |
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Discounts for multiple
transactions |
Discounts for mortgage
free sales and purchases |
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Free Quote Beating Service |
Law Society Regulated
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No Call Centres or one man
bands |
No Visits Necessary |
New Stamp Duty Rates
From
25.3.10 until 25.3.12 First Time Buyers buying a property at less than £250,000
will be exempt from stamp duty. Please note that your quote will still display
and include the stamp duty BUT if you are a first time buyer then stamp duty
will not be charged. If you are buying a property in excess of £1,000,000 the
stamp duty rate will increase to 5% for all property purchases completed after
6th April 2011.
Our Quotes apply to
England & Wales only and your conveyancing will be carried out by a qualified
conveyancer or solicitor fees firm that specialises in licensed conveyancing
direct transactions. Our Solicitors are
multi-partner firms and are members of the Law Society and they are on the panel of
all major mortgage lenders
Remortgages
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The first thing you must do is to instruct your
solicitor to begin work; you should do this as soon as you
decide to re mortgage to avoid delays later on. CMS makes
this easy for you, simply obtain your choice of conveyancing
direct quotes and fees from
the CMS web site and choose which one works best for you
then simply click to instruct. Alternatively, telephone our
customer services department on 0845 060 33 55 and they will
do everything for you.
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As soon as you accept the lowest online CMS quote you will be given
your conveyancing direct contact details for your conveyancer including name,
address, telephone, fax and e mail. This information is also
sent to you in a confirmatory e mail. You need to give this
information to your mortgage lender.
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The solicitor will telephone you and will send you a
client care letter and confirmatory estimate. Some
solicitors send the initial letter by e mail so make sure
you check your e mail account. You may be asked to sign and
return one copy of the client care letter to confirm that
you want to go ahead with the conveyancing direct process. You will be asked to pay a sum of
money up front; this will be used to pay for necessary
disbursements (See jargon buster). If your re-mortgage
cannot proceed for whatever reason this money will be
returned to you unless the solicitor has spent it on
disbursements.
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The solicitor will ask you to complete an online remortgage
questionnaire and to provide proof of your identity (a legal
requirement). When he receives this information from you he
can begin to start work on your behalf by way of the
conveyancing direct procedure.
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Your solicitor will obtain your deeds (if any) and if
your property is registered at the Land Registry he will
obtain Official Copy Entries.
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Your solicitor will write to your lender (s) to obtain
repayment statements. Our
solicitors fees are very competitive.
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Once your mortgage offer is received your solicitor will
send you the Mortgage documents to sign and return. You may
be asked for confirmation of insurance details and
solicitors fees.
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When the solicitor is in possession of the signed
Mortgage documents and has checked that you have complied
with all the mortgage conditions they will arrange to
complete the re mortgage. You will be asked to suggest a
convenient date (always check whether your existing mortgage
has an early repayment penalty before setting the date).
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Once a completion date is set your solicitor will
request the mortgage funds, carry out final searches and
arrange the local search insurance. On the day of completion
your solicitor will receive the mortgage funds, pay off any
existing mortgages and prepare and send to you a financial
statement together with any balance due to you.
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Following completion your solicitor will register the
re-mortgage at the Land Registry. This completes the
online conveyancing direct process but your file will be stored for a
minimum of 6 years.
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Shared ownership/ equity schemes
These schemes are usually run by local authorities or housing
associations. The conveyancing is more complex than both
leasehold and freehold house conveyancing. This is because your
solicitor has to deal with the scheme provider who will send
your solicitor a package of their requirements which must be
met. Even if the property is a freehold property the scheme
often requires the buyer to enter into a lengthy lease. Your
solicitor must ensure that the scheme is acceptable to your
lender (if you have one) and must carry out the usual contract
checks, searches and enquiries.
Right to buy property
This scheme is usually run by local authorities or house / housing
associations. The tenant of council or housing association
property is offered the “Right to Buy” their home. The property
may be freehold or leasehold. The conveyancing is usually
straight forward but the solicitor must comply with the local
authority/ housing association requirements. The council/housing
association do not usually answer pre contract enquiries so the
buyer receives scant information concerning the property. There
is usually no exchange of contracts stage, a set notice period
must be given for completion and completion can often only take
place on a set day (usually a Monday).
The council will require evidence that all rent/service charge
is paid up to the date of completion.
Buy to Let property
With “buy to let” schemes the buyer is purchasing the property
with a view to letting it out afterwards. The on-line conveyancing does
not differ from freehold/leasehold purchases (see above). The
solicitor will be obliged to ensure that the mortgage lender’s
requirements are strictly met and this may mean approving any
tenancy agreement.
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