Why would I instruct a East London conveyancing firm given that internet based alternatives are cheap by comparison?
By all means make sure that you get 2 or 3 like-for-like quotes for conveyancing costs in East London and you should seek an affordable fee calculation but don’t become consumed with getting the lowest priced East London conveyancer. Finding the right conveyancer can mark the difference between a smooth and a frustrating move. It is important that you ensure that you have expert guidance from a trusted lawyer. An e-mail can never be as helpful as a telephone conversation and can never replicate a one to one meeting. Our partner firms will allocate you a qualified and trusted conveyancing solicitor that will tackle your conveyancing from from the outset to completion, providing a level of personalised service that you rarely receive from an online conveyancer. He or She will inform you as to headway and keep you informed. Should it ever be necessary to call the firm you will know who to ask for and they will be sure you're not left wondering what's going on.
Having sold my house in East London last May but the buyer keeps whats apping every few hours complaining that their solicitor is waiting to hear from mine. What should have happened now that I have sold?
Post completion of your disposal your conveyancer should send the transfer documentation and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also evidence that the home loan has been repaid to the purchasers solicitors. There is unlikely to be post completion steps just for conveyancing in East London.
I am buying a terraced house in East London. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in East London you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in East London.
How does conveyancing in East London differ for new build properties?
Most buyers of new build residence in East London contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is finished. This is because builders in East London tend to acquire 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 conveyancers 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 East London or who has acted in the same development.
Taking into account that I will soon part with £400,000 on a two bedroom apartment in East London I wish to talk to a solicitor regarding thehouse move in advance of instructing the firm. Can this be arranged?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor due to be conducting your property ownership legalities in East London.There is no ‘factory style conveyancing’ - every client is an important individual, not a case number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in East London should be the figure that you are charged.
We own a leasehold flat in East London. Conveyancing was completed in 2009. I have been told that I should not allow the the remaining lease term to get too low. Why is that a problem?
East London residential long term leases are for a set period - normally 99 years when they started. However many flats in East London were built or converted in the 70’s80’s and so these leases now have less than 80 years remaining. That may sound like plenty of time but Banks, Building Societies and other mortgage institutions generally require leases to have at least seventy five years left to be mortgageable. This means that when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To enhance the marketability of your property you should be thinking about whether to extend your lease well in advance of selling the property. Furthermore strong financial reasons to taking action before the lease reaches even 80 years as when the lease falls below 80 years the amount to be paid to extend starts to get a lot more expensive.