What is the first thing I need to know regarding purchase conveyancing in East London?
Not many law firms shout this from the rooftops but conveyancing in East London or throughout London is often a confrontational process. Put another way, when it comes to conveyancing there exists lots of opportunity for confrontation between you and other parties involved in the legal transfer of property. E.g., the vendor, selling agent and even potentially your bank. Selecting a lawyer for your conveyancing in East London should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the transaction whose interest is to protect your best interests and to keep you safe.
We are witnessing a definite ongoing adversarial element to conveyancing- someone must be blamed for the process taking so long. You should always trust your conveyancer above the other players in the home moving process.
My wife and I are purchasing a house in East London. I might seem paranoid but how we can trust a lawyer? On the day of competition we will need to put our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
is it true that all East London solicitor practices on the Lloyds conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Lloyds approved list of solicitors they would need to be regulated by the SRA. Some mortgage companies do permit licenced conveyancers on their panel and in that case the practice would be governed by the CLC.
I am currently in the process of buying my council flat in East London. I have a mortgage offer with HSBC. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. East London is the location of the property. Can you offer any opinion?
Flying freeholds in East London are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside East London you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in East London may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
What does commercial conveyancing in East London cover?
East London conveyancing for business premises incorporates a wide range of advice, given by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I am 14 days into a residential purchase having been directed to a firm by the estate agent to handle our conveyancing in East London. We are not happy. Could you you assist me in finding new conveyancers?
They would have to be really bad to suggest replacing them. Has your mortgage offer been sent? In the event that it has you must inform them of the new contact details and have the loan are re-issued. Your solicitor ideally needs to be on the banks panel to avoid supplemental fees and complications. So that should be your starting point. Our find a solicitor tool should help you find a bank approved solicitor for your conveyancing in East London
I am seeking to buy a repossessed property in East London and the mortgagee in possession demand completion within a month. Can a conveyancer complete in this timeframe? Would it be better to instruct a high street East London firm or an online company that professes to offer speedy conveyancing?
Attend your East London high street. Pop in to two or three solicitor’s offices and request to see a conveyancing solicitor for an estimate. Set out your requirements and get assurances on speed. Choose the one that seems most trustworthy. Make sure to choose a lawyer on the list of conveyancers acceptable to your lender.