Would the conveyancing lawyers via your comparison service execute attended exchange conveyancing in London?
We do have a number of conveyancing specialists carrying out attended exchanges. Please contact us to secure a costs illustration and details as to availability.
We had appointed conveyancing lawyers located in London on the Santander solicitor panel. They are now charging me a separate charge for dealing with the Santander mortgage. Is this a supplemental conveyancing fee specified by Santander?
Provided it is contained in their Terms and Conditions or estimate then yes your lawyer may charge a fee for this. This charge is not dictated by Santander but by your London conveyancing practitioner. Some firms on the Santander panel will charge ’dealing with mortgage’ fee but many practices incorporate it on their overall fee.
Last month we had a mortgage agreed in principle with RBS. London conveyancing lawyers have been selected. How long does it take for RBS to send the offer to the property lawyer?
Some lenders take longer than others. Have RBS conducted the survey? Have you informed RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
The mortgage over my property is with UBS for my property in London. Conveyancing was finalised some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform UBS?
UBS must be informed of your intention prior to renting your property as this is likely to be a breach of UBS’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact UBS directly. It should not be necessary to do this via a UBS conveyancing panel lawyer.
Will our lawyer be raising enquiries regarding flooding as part of the conveyancing in London.
Flooding is a growing risk for lawyers specialising in conveyancing in London. Some people will buy a property in London, fully expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not best placed to give advice on flood risk, but there are a numerous checks that can be initiated by the purchaser or on a buyer’s behalf which will figure out the risks in London. The standard property information forms sent to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the vendor to determine if the premises has suffered from flooding. In the event that the property has been flooded in past and is not disclosed by the seller, then a buyer could bring a claim for damages as a result of such an incorrect answer. The purchaser’s solicitors should also carry out an enviro search. This should disclose if there is a recorded flood risk. If so, further investigations will need to be made.
Me and my brother have a 4 bedroom Edwardian property in London. Conveyancing solicitor represented me and Virgin Money. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in London and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing lawyer who conducted the work.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. London is the location of the property. Is there any guidance you can impart?
Flying freeholds in London are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside London you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in London may determine 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.
I am one month into a residential purchase having been directed to conveyancers by the local agent to do our conveyancing in London. I am am starting to be disappointed with the level of service. Can you help me find new lawyers?
They would have to be really bad to suggest diss instructing them. Has the mortgage offer been sent? In the event that it has you will need to make them aware of the new contact details and get the loan are re-issued. Your new solicitor ideally needs to be on the mortgage company approved list to avoid escalating fees and frustration. That should be your starting point. The find a solicitor tool will help you find a lender approved lawyer for your home move in London