Will conveyancers ask for money up-front when it comes to conveyancing in Old Coulsdon?
Where you are retaining lawyers for conveyancing in Old Coulsdon your lawyer will ask you place them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the total price then this will be asked for shortly ahead of contracts are exchanged. The final balance that is due will be payable a couple of days prior to the completion date.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Old Coulsdon. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 28/4/2026, the requirements read as follows :
My colleague recommended that where I am purchasing in Old Coulsdon I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Old Coulsdon conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Old Coulsdon around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Old Coulsdon Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information concerning Old Coulsdon.
4 months have elapsed since my purchase conveyancing in Old Coulsdon concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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 residence 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 have been on the look out for a flat up to £305k and identified one close by in Old Coulsdon I like with amenity areas and railway links nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Old Coulsdon suitable, 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 be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
Builders have put forward a conveyancer and I've received an estimate from them. They are nearly £400 cheaper than my family Old Coulsdon solicitor. Should I use them?
Housebuilders frequently have lists of property lawyers who expedite matters and who know the seller’s paperwork and lawyer. Plenty of developers offer an incentive to choose a preferred solicitor for this reason, any increased cost can be avoided and a builder will not put forward a conveyancing warehouse and run the risk of having the conveyancing stall when they demand an exchange in 28 days. The argument for not agreeing to use the suggested lawyer is that they may prove hesitant to fight for your interests at the risk of upsetting the developer. If you worry that this may be the situation you should stick with your local Old Coulsdon conveyancing practitioner.