I am buying a house mortgage free in East Croydon. I have been living for the previous dozen years in East Croydon. Conveyancing searches are a lot of money. As I have knowledge of the area and road intimately must I have all the conveyancing searches?
In the absence of a mortgage, then the vast majority of the East Croydon conveyancing searches are optional. Your conveyancer will try and steer you, perhaps strongly, that you should have searches carried out, but he is duty bound to take that path of advice. Do consider; if you are likely to sell the house one day, it could be of interest to your prospective purchaser what the searches determine. There are plenty of instances where houses with apparent issues can still throw up unfavourable search results. A competent conveyancing solicitor in East Croydon will be able to give you some sensible advice here.
My grandmother passed away last year and as sole heir and executor I was left the house in East Croydon. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
Given you intend to refinance then Bank of Ireland will require that you use a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.
How does conveyancing in East Croydon differ for new build properties?
Most buyers of new build or newly converted property in East Croydon come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because house builders in East Croydon usually buy the real estate, 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 East Croydon or who has acted in the same development.
I was recommended by three or four local estate agents in East Croydon to find a conveyancer using your seach tool. What’s the financial upside for Estate Agents to promote your services over another?
We refuse to give any commission for pointing buyers and sellers our way. We thought it would be too underhand to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
In scouring the web for the term on line conveyancing in East Croydon it shows results of many property lawyerslocally. How do I determine which is the right conveyancing solicitor for my move?
The ideal method of finding the right conveyancer is through a personal referral, so seek the guidance of colleagues and relatives who have acquired a property in East Croydon or the local estate agent or financial adviser. Fees for conveyancing in East Croydon differ, so it's advisable to request at least three fee estimates from varying types of property lawyers. Make sure that you know that the fees are fixed.
How much experience do your East Croydon conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
East Croydon conveyancing lawyers help thousands of people move home every year and helped lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique East Croydon conveyancers have worked on recent similar cases.