Recently contacted my conveyancing solicitor in Norwood who conducted the legals two years ago and wanted a conveyancing estimate based on the same type of home move (a leasehold property and a freehold premises) of similar values with a loan from Barnsley Building Society. I am now being quoted twice the amount. Am I right to be tempted to shop around for a cheaper internet firm of conveyancing solicitor?
The quote is slightly on the high side. If you you were to look around you could get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, assuming were happy with the service the firm offered you maylive to rue choosing an an unknown lawyer. Don't forget to enquire the conveyancer can represent Barnsley Building Society. You can make use of our search tool to get a quote a Norwood conveyancing firm on the Barnsley Building Society approved list of lawyers, which can often include conveyancing solicitors in Norwood.
In what way does my ID and proof of funds have anything to do with my conveyancing in Norwood? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the identification documents of the potential client they are dealing with before they can accept their conveyancing instruction. The Terms and Conditions that you need to sign will no doubt reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to provide identification documents, your conveyancer would not be able to act for you.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Norwood. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 1/12/2025, the requirements read as follows :
How does conveyancing in Norwood differ for new build properties?
Most buyers of new build premises in Norwood come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Norwood tend to 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 property lawyers 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 accustomed to new build conveyancing in Norwood or who has acted in the same development.
I am looking for a ground for flat up to £245,000 and identified one round the corner in Norwood I like with amenity areas and station in the vicinity, however it only has 49 remaining years left on the lease. There is not much else in Norwood for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage that many years will likely be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
In what way does the Landlord & Tenant Act 1954 impact my commercial offices in Norwood and how can you help?
The 1954 Act affords security of tenure to commercial lessees, giving them the dueness to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in Norwood