AssumingI was to purchase a simple residential homein 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 gain would be isolated to the costs for searches. Your conveyancing practitioner is obliged to do the vast majority of work - money laundering, correspond with the sellers property lawyer, stamp duty submission, register the property etc. You might save a bit for them not needing to register a mortgage but it will not be a lot.
I have a decision in principle. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to appoint their panel lawyer as I would much rather appoint a high street conveyancing solicitor in Avery Hill?
You should check but the chances are that appoint one of their panel conveyancers should you want the "fee-free" incentive. Speak to the bank to explore if they offer you a monetary alternative. Some banks have previously offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Avery Hill.
Me and my brother own a semi-detached Edwardian house in Avery Hill. Conveyancing solicitor represented me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should review 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 locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing lawyer who carried out 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 seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because builders in Avery Hill typically buy the land, 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 used to new build conveyancing in Avery Hill or who has acted in the same development.
I decided to have a survey completed on a property in Avery Hill ahead of instructing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some banks may refuse to issue a loan on this type of home.
It varies from the lender to lender. HSBC has different instructions from Nationwide. Should you wish to call us we can look into this further 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 will be more expensive.
My step-father has recommend that I instruct his conveyancers in Avery Hill. Should I use them?
Much as we are happy to recommend a Avery Hill conveyancing lawyer the best way to find a conveyancing practitioner is to have guidance from friends or relatives who have actually used the firm that you are contemplating using.