My family solicitor has sent a quote for £1350 for no sale no fee conveyancing in Penge. I am looking to sell a Victorian detached home for £300,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Penge?
The charges are a tad high. Where you are happy to spend time scrutinising costs you could reduce the fees slightly by say £100 plus VAT. On the other hand, you couldcome to regret choosing an an untested conveyancer. Remember to check that the solicitor can also act for your mortgage company. Do make use of our search tool to select a Penge conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Penge.
I am the registered owner of a freehold premises in Penge but still charged rent, why is this and what is this?
It’s unusual for properties in Penge and has limited impact for conveyancing in Penge but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
We are buying a property in Penge. I might seem paranoid but how we can trust a solicitor? On completion day we will need to send funds into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My husband and I are at the point of looking at apartments in Penge and I am about to put in an offer. Is it wise to have my conveyancing practitioner on ‘stand by’? I am planning to take a mortgage with Leeds Building Society.
It would be advisable to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are getting a mortgage with Leeds Building Society, ask your prospective lawyers if they are on the Leeds Building Society conveyancing panel otherwise they can't do the mortgage legal work.
About to purchase apartment in Penge. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Penge solicitor is on the UBS conveyancing panel.
How does conveyancing in Penge differ for new build properties?
Most buyers of new build premises in Penge come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Penge usually acquire the land, 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 Penge or who has acted in the same development.
I need to instruct a conveyancing solicitor for purchase conveyancing in Penge. I happened to chance upon a site which looks to be the perfect offering If it is possible to get all formalities completed via web that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the lender conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.