I am getting a mortgage with Nat West. I hope to enlist the help of a Licensed Conveyancer in Fitzrovia. Does the Nat West Conveyancing panel allow for Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am buying a house for cash in Fitzrovia. I have resided for the previous 15 years in Fitzrovia. Conveyancing searches are a lot of money. As I know the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a mortgage, then all but one or two of the Fitzrovia conveyancing searches are at your discretion. Your solicitor will 'advise', perhaps strongly, that you should have searches carried out, but she has a professional duty to do this. Do consider; if you are intend to dispose of the house one day, it may be of importance to your prospective buyer what the searches reveal. There are plenty of instances where houses with no practical issues can still show up adverse search results. A good conveyancing solicitor in Fitzrovia will be able to give you some sensible guidance concerning this.
Should lawyers request an advanced payment when it comes to conveyancing in Fitzrovia?
Where you are retaining lawyers for conveyancing in Fitzrovia your lawyer will ask you to provide them with monies to cover the the cost of the conveyancing searches. Normally this is called for to cover the fees of the conveyancing searches. If any down payment is as part of the sale price then this will be required shortly in advance of contracts are exchanged. The final balance that is due should be transferred a few days ahead of the day of completion.
A colleague suggested that if I am buying in Fitzrovia I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Fitzrovia conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Fitzrovia around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Fitzrovia Education with maps and statistics, Local Amenities and other useful information regarding Fitzrovia.
Should I go with a Fitzrovia conveyancing lawyer who is local to the property I am buying? An old friend can handle the legal work but her office is 300kilometers drive away.
The benefit of a local Fitzrovia conveyancing firm is that you can attend the office to execute documents, hand in your ID and pester them if necessary. Having local Fitzrovia know how is a bonus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and on the whole were impressed that must trump using an unknown Fitzrovia conveyancing lawyer solely due to them being based in the area.
Our mortgage broker has recommended their lawyer for the conveyancing in Fitzrovia - Surely it’s easier to just use them?
This is not necessarily the case and you are at liberty to instruct whichever solicitor you decide for your Fitzrovia conveyancing. A conveyancer put forward by an estate agent may not always be the right conveyancing practitioner, they may put forward their preferred conveyancing firm who are based remotely. In this instance you may not have contact with your conveyancer and due to the lack of continuity in the transaction, it may be difficult to obtain updates.