My previous solicitor has given a fee estimate £1400 for no sale no fee conveyancing in London. I’m selling a modern detached home for £250,000. Is this expensive? Is it above the norm for conveyancing in London?
The charges are a tad high. Where you are content to spend time scrutinising quotes you could shave off some of the cost by perhaps £125. That being said, you mightlive to rue opting for an an untested lawyer. Remember to be sure the firm can act for your lender. Do utilise our search tool to find a London conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in London.
The London conveyancing firm handling our London conveyancing has spotted a difference when comparing the information in the home valuation survey and what is in the title deeds. My lawyer informs me that he must ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s course or action right?
Your property lawyer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
My partner and I are downsizing from our property in London and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. A local lawyer would know this is not the case. For the life of me I don't know why the buyers used a nationwide conveyancing practice rather than a conveyancing solicitor in London. We have lived in London for three years we know that this is a non issue. Do we get in touch with our local Authority to obtain confirmation that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
The deeds to my home are lost. The solicitors who conducted the conveyancing in London 4 years ago have long since closed. What are my options?
Assuming you have a registered title the details of your ownership will be retained by HMLR under a Title Number. It is possible to execute a search at the Land Registry, identify your property and secure current copies of the property title for a small fee. Where the title is Leasehold then the Land Registry will in most cases hold a certified duplicate of the Registered Lease and again, a copy can be ordered for twenty pounds.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. London is the location of the property. What do you suggest?
Flying freeholds in London are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside London you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in London may decide 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 residence.
Builders have put forward a conveyancing practitioner and I've sought a quote from them. It's almost two hundred pounds cheaper than my local London conveyancer. What's the catch?
Developers often have lists of conveyancers who expedite matters and who know the developer’s documentation and conveyancing practitioner. As many developers offer an incentive to use their approved conveyancer for this reason, any increased charges can be avoided and a builder will not put forward a conveyancing warehouse and run the risk of having the transaction delayed when they need an exchange in 28 days. The argument for not agreeing to use the suggested conveyancer is that they may prove reluctant to fight for your interests for fear of upsetting the sellers. If you worry that this may be the case you should remain with your high street London property lawyer.