How do I find the right lawyer who will provide a first class service for my conveyancing in Mayfair?
Option 1 is to ask connections whom they would seek assistance from.
Second, look on the web for conveyancing in Mayfair. Call two or three listed and request that they send you their conveyancing charges and discuss your needs with the solicitor who will handle the legal process in advance ofcommitting.
Third is to make use of our search tool to help you find the right solicitors taking into account your own factors including location,speed, complexity and who the proposed mortgage company is. Resist the temptation to go for low cost conveyancing in Mayfair
Are the Mayfair conveyancing solicitors identified as being on the Yorkshire BS conveyancing panel, together with their details provided by Yorkshire BS?
Mayfair conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
Can you clarify what the consequences are if my solicitor is suspended from the Virgin Money Conveyancing panel ahead of completing my conveyancing in Mayfair?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I acquired my home on 8 August and the transaction details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Mayfair advises it will be concluded in less than a month. Are properties in Mayfair particularly slow to register?
As far as conveyancing in Mayfair registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timeframes can adjust depending on who lodges the application, whether there are errors and if the Land registry must send notices to any 3rd parties. As of today roughly 80% of such applications are completed in less than three weeks but occasionally there can be protracted hold-ups. Historically registration takes place after the purchaser has moved in to the property so an expedited registration is not typically top priority but where it is urgent that the the registration takes place urgently then you or your solicitor should contact the land registry and explain the circumstances.
How does conveyancing in Mayfair differ for newly converted properties?
Most buyers of new build property in Mayfair approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is constructed. This is because builders in Mayfair usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Mayfair or who has acted in the same development.
I decided to have a survey carried out on a house in Mayfair ahead of retaining lawyers. I have been informed that there is a flying freehold element to the property. The surveyor has said that some mortgage companies will refuse to issue a loan on such a home.
It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Mayfair. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Mayfair to see if the conveyancing will be more expensive.