The solicitor who assisted with my last purchase has quoted £1150 for no sale no fee conveyancing in New Cross. I am selling a Georgian detached home for £200,000. This appears overpriced. Is it in excess of what I should be paying for conveyancing in New Cross?
The estimate does seem a tad overpriced. If you shop around you could get the conveyancing a bit cheaper by say £125. That being said, you mightlive to rue opting for an an unknown lawyer. Remember to be sure the conveyancer can represent your bank. Do make use of our search tool to choose a New Cross conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in New Cross.
My partner and I are only a couple days away from an exchange on a flat in New Cross and my parents have sent the exchange deposit to my property lawyer. I am now informed that as the deposit has not arrived from me my conveyancing practitioner needs to make a notification to my mortgage company. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the lender regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your lawyer is legally required to check with the bank to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Do lenders provide you with an approved list of New Cross conveyancing solicitors? How do you know who is on the TSB conveyancing panel?
New Cross conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. New Cross is where the house is located. What do you suggest?
Flying freeholds in New Cross are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in New Cross you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in New Cross 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.
My husband and I are new on the property ladder - had an offer accepted, but the property agent informed us that the seller will only move forward if we instruct the agent's recommended conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a local solicitor used to conveyancing in New Cross
We suspect that the seller is not behind this request. Should the owner want ‘a quick sale', alienating a genuine purchaser is not the way to achieve this. Speak to the owners direct and make the point that (a)you are genuine purchasers (b)you are excited to move forward, with finances arranged © you are chain free (d) you wish to move quickly (e)however you intend to appoint your preferred New Cross conveyancing lawyers - as opposed tothe ones that will give the estate agent a referral fee or hit his conveyancing figures set by HQ.
I have been recommended a conveyancing solicitor in New Cross. I need to find out if they are on the lender's approved list of lawyers. Could you or the bank confirm if they are on the panel?
One option is to contact your solicitor to enquire if they are on the bank's approved list. If that does not help call us and we can make some checks for you. Should the firm not be on the lender panel we we can help find a reputable conveyancing solicitor in New Cross on the approved list for your mortgage company.