I instructed a local lawyer for our conveyancing in South Norwood yesterday. Reviewing the Ts and Cs I notewe are liable for charges even if the sale aborts. Should I ditch them and instruct an on-line solicitor practice promoting no move no charge conveyancing in South Norwood?
Generally there is a compromise along the lines that if "No Completion No Fee" is offered then the conveyancing charges will tend to be be more expensive to cover those cases that do not proceed. Please beware that these offerings tend not to protect you from expenditure by way of example South Norwood conveyancing search costs.
It is a dozen years since I acquired my house in South Norwood. Conveyancing lawyers have now been appointed on the sale but I am unable to track down my title deeds. Will this cause complications?
Don’t worry too much. First the deeds may be with your mortgage company or they may be in the possession of the conveyancers who handled your purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. The vast majority of conveyancing in South Norwood involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is resolvable.
How does conveyancing in South Norwood differ for new build properties?
Most buyers of new build premises in South Norwood contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is completed. This is because new home sellers in South Norwood typically acquire 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 conveyancers 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 used to new build conveyancing in South Norwood or who has acted in the same development.
I have been on the look out for a flat up to £305k and identified one close by in South Norwood I like with open areas and station in the vicinity, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in South Norwood suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
I have been recommended by two or three local selling agents in South Norwood to choose a property lawyer on your site. Is there a financial advantage for Estate Agents to promote your site rather than another?
We don’t make any commission for directing people our way. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I need to consider costs for conveyancing in South Norwood from three lawyer and appoint one. Am I right to instruct them to hold tight until I I have an offer accepted on a flat.
We suggest that you only ask your conveyancer to commence work and submit searches after the offer has been agreed to on the property especially as South Norwood conveyancing searches are a couple of hundred pounds.