Just contacted my conveyancing lawyer in Elephant and Castle who conducted the legals two years ago asking for a conveyancing estimate based on the same type of home move (a leasehold premises and a freehold premises) of similar values with a loan from Coventry Building Society. I am now being quoted double. Better the devil I know or should I try and find an alternative conveyancer?
The estimate does seem a tad overpriced. Where you are prepared to invest time comparing charges you could get the conveyancing a bit cheaper by perhaps £100 plus VAT. That being said, assuming were happy with the service the firm provided you maylive to regret choosing an an untested conveyancer. If is important to ensure the solicitor can represent Coventry Building Society. Do utilise our search tool to select a Elephant and Castle conveyancing firm on the Coventry Building Society approved list of lawyers, which can often include conveyancing solicitors in Elephant and Castle.
I am the registered owner of a freehold residence in Elephant and Castle but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Elephant and Castle and has limited impact for conveyancing in Elephant and Castle but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
Are there restrictive covenants that are commonly identified during conveyancing in Elephant and Castle?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Elephant and Castle. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Do I need to be concerned that brokers that I am dealing with are suggesting an online conveyancing firm rather than a High Street Elephant and Castle conveyancing company?
As with lots of service providers, often recommendations from connections can be extremely useful or valuable. Nevertheless there are numerous players in a conveyancing deal; estate agents, mortgage brokers and mortgage companies may put forward solicitors to select. Sometimes the conveyancers might be known to one of the organisations as experts in their field, but occasionally there behind the scenes commercial relationship behind the endorsement. You have the right to choose your own conveyancer. Don't forget that some lenders operate an approved list of law firms you must use for the lender aspect of your house move.
We're first time buyers - agreed a price, yet the agent has warned us that the owners will only go ahead if we appoint their preferred lawyers as they need a ‘quick sale’. Our preferred option is to instruct a family solicitor accustomed to conveyancing in Elephant and Castle
It is unlikely the vendors are driving this. Should the owner want ‘a quick sale', alienating a serious buyer is going to damage their objectives. Bypass the agents and go straight to the sellers and explain that (a)you are genuine purchasers (b)you are ready to go, with finances in place © you are unencumbered (d) you wish to move quickly (e)but you will continue to appoint your own,trusted Elephant and Castle conveyancing firm - rather thanthe ones that will earn the estate agent a referral fee or hit his conveyancing figures demanded by senior management.
To what extent are Elephant and Castle conveyancing solicitors under an obligation to the Law Society to issue transparent conveyancing costs?
Inbuilt into the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, constitute the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Elephant and Castle or or elsewhere in the country.