We went with a Blackfriars based lawyer for my conveyancing in Blackfriars last week. Upon checking the terms of engagement it is apparent thatwe are on the hook for fees even if the sale doesn't happen. Should I ditch them and use an on-line firm who offer no-sale-no-fee conveyancing in Blackfriars?
It is usually a trade off in that if "No Completion No Fee" is advertised then the conveyancing charges will generally be more expensive to offset those conveyances that fail to complete. Do bear in mind that such promotions rarely protect you from disbursements such as Blackfriars conveyancing search charges.
Finally the sale completed on my house in Blackfriars last March but our buyer keeps telephoning me to moan that his conveyancer needs to hear from mylawyer. What are the post completion sale legalities now that I have sold?
Following your disposal your solicitor is committed to forward the transfer documentation and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your solicitor must also send confirmation that the mortgage has been paid off to the purchasers lawyers. There are no post completion tasks specific conveyancing in Blackfriars.
We're in Blackfriars, First timers purchasing with a mortgage (lender is HSBC , and our lawyer is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
How does conveyancing in Blackfriars differ for new build properties?
Most buyers of new build property in Blackfriars contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is built. This is because developers in Blackfriars typically buy 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 property lawyers 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 Blackfriars or who has acted in the same development.
I am looking into buying my first house which is in Blackfriars and I am already nervous. I couldn't find anything specific about Blackfriars. Conveyancing will be needed in due course but do you know about the Blackfriars area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Blackfriars. In the meantime here are some basic statistics that we found
What is the reason for my lawyer requiring a list of items of ID ahead of starting selling or buying a property in Blackfriars?
Blackfriars lawyers are required by the Law Society, Solicitors Regulation Authority, HMLR and current AML legislation to certify that the have checked the identity of their clients. It will also be a condition of your bank where you are obtaining a mortgage. In addition they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, NI number and date of birth.