We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would prefer to appoint a local conveyancing solicitor in South East London?
You should check but the the probability is that appoint one of their panel solicitors if you take up the "fee-free" deal. Contact the lender and determine if they allow a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in South East London.
I have been told that property searches are the number one reason for stalling in South East London house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any slowing down conveyancing in South East London.
three months have elapsed since my purchase conveyancing in South East London concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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 premises 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.
How do I identify a South East London law firm on the Lloyds TSB Bank conveyancing panel? I have wheels and am prepared to travel upto 20miles to meet the conveyancer.
You can use the search on this website. Please pick a bank and your location and you will see a number of South East London conveyancing lawyers located nearest you. We have listed some South East London conveyancing firms towards the end of this page and you can ring them to check if they are on the Lloyds TSB Bank panel
My husband and I are novice buyers - had an offer accepted, but the selling agent informed us that the owners will only go ahead if we use their preferred solicitors as they are insisting on an ‘expedited deal’. We would rather use a local conveyancer accustomed to conveyancing in South East London
It is unlikely the owners are behind this. Should the vendor require ‘a quick sale', turning down a genuine buyer is going to damage their objectives. Speak to the owners direct and make sure they comprehend that (a)you are serious purchasers (b)you are ready to go, with finances arranged © you are chain free (d) you wish to move quickly (e)however you intend to instruct your own,trusted South East London conveyancing solicitors - not the ones that will provide the estate agent a referral fee or hit his conveyancing thresholds set by senior management.
Why do South East London conveyancing charges are more expensive for leasehold and freehold properties?
Inevitably there is increased work needed for leasehold conveyancing. South East London has many leasehold properties. There is more time involved in the purchase: for example, the lease and leasehold information (including up to date service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.