I am buying a house mortgage free in Norwich. I have resided for the previous Seventeen years in Norwich. Conveyancing searches are exorbitant. Given that I have knowledge of the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a home loan, then almost all of the Norwich conveyancing searches are non-obligatory. Your conveyancer will 'advise', perhaps strongly, that you should have searches carried out, but she is duty bound to take that path of encouragement . Do bear in mind; if you are going to sell the house in the future, it will be of interest to your prospective buyer what the searches disclose. There are plenty of instances where houses with day to day issues can still reveal unpredicted search results. A competent conveyancing solicitor in Norwich will be able to give you some constructive advice here.
Why do I have to pay up front when it comes to conveyancing in Norwich?
If you are buying a property in Norwich your solicitor will ask you place them with funds to cover the the cost of the conveyancing searches. Ordinarily this is needed to cover the fees of the conveyancing searches. When the down payment is payable against the total price then this should be required shortly prior to contracts are exchanged. The closing balance that is due will be payable shortly before completion.
4 months have gone by since my purchase conveyancing in Norwich took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Norwich is the location of the property. What do you suggest?
Flying freeholds in Norwich are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Norwich you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Norwich 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 property.
Taking into account that I will soon part with hundreds of thousands of pounds on a terraced house in Norwich I wish to talk to a lawyer about myconveyancing before appointing the firm. Can this be arranged?
We could not agree more - we would be happy to talk to you we do not take any clients on without you speaking to the conveyancer who will be conducting your property ownership legalities in Norwich.There is no ‘factory style conveyancing’ - each client is unique individual, not a case reference. The practices that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Norwich should be the figure that you end up paying.
My friend mentioned that before selecting a conveyancing solicitors they must be approved by your lender. It happens to be my first home move but I have an AIP with Virgin Money and I already have a family conveyancing solicitor in Norwich on standby. Will Virgin Money insist on an approved lawyer to be used? If so, where can I find that list so I can pick a conveyancing lawyer in Norwich?
You need to choose a solicitor that is on the Virgin Money panel. Just call your preferred Norwich conveyancing solicitor and ask if they are on the Virgin Money panel. If they are not approved you have a number of alternatives available to you here:
- Complete the purchase with your preferred Norwich lawyer but Virgin Money will undoubtedly instruct a conveyancer from their approved list. The net result is additional charges and probable delay.
- Get a new conveyancer to act in the purchase, obviously checking they are on the Virgin Money conveyancing panel.
- Convince your property lawyer to pull out all the stops to join the Virgin Money conveyancing panel.