AssumingI were to buy a straightforward propertyin Avery Hill for cash and have no survey and no local authority searches how much should I expect to to save on my conveyancing in Avery Hill?
Any savings you would make will be limited to the costs for searches. Your conveyancing practitioner still got to do everything else - money laundering, liaising with the vendors solicitor, stamp duty return, register the property etc. A marginal saving might be made by not needing to register a charge however it won't be a lot.
I have an AIP. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to use their panel solicitor as I would prefer to use a local conveyancing solicitor in Avery Hill?
You should check but the chances are that give you one of their panel lawyers if you take up the "fee-free" deal. Call the lender and check if they offer you a monetary alternative. In the past a few lenders offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor in Avery Hill.
My wife and I purchased a semi-detached Victorian property in Avery Hill. Conveyancing solicitor represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold with the exact same address. Is it worth asking Accord Mortgages Ltd to clarify?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Avery Hill and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing lawyer who completed the work.
How does conveyancing in Avery Hill differ for new build properties?
Most buyers of new build residence in Avery Hill approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Avery Hill typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Avery Hill or who has acted in the same development.
I decided to have a survey done on a property in Avery Hill ahead of instructing lawyers. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some banks will refuse to grant a loan on a flying freehold premises.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Avery Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Avery Hill to see if the conveyancing costs will increase in light of this.
My uncle has suggested that I use his lawyers for conveyancing in Avery Hill. Should I use them?
Much as we are happy to recommend a Avery Hill conveyancing lawyer the best way to choose a conveyancing solicitor is to seek referrals from friends or family who have previously instructed the conveyancer that you are are thinking of instructing.