I was recommended to a lawyer who has quoted £1700 for no sale no fee conveyancing in South Woodford. I’m hoping to downsize from a modern detached home for £150,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in South Woodford?
The estimate does seem a tad overpriced. If you are happy to invest time contrasting costs you could trim some of the expense by say a hundred pounds. That being said, you mightlive to regret choosing an an untested lawyer. Remember to be sure that the solicitor can represent your lender. Do utilise our search tool to find a South Woodford conveyancing company on the lender’s member panel which can often include conveyancing solicitors in South Woodford.
We are purchasing a newbuild flat in South Woodford with a mortgage from Alliance & Leicester .We use our South Woodford conveyancing practitioner but Alliance & Leicester advised that she’s not listed on their approved list of firms. we are left little option but to use a Alliance & Leicester panel lawyer or keep our local solicitor and fork out for one of their panel ones to act for them. This seems very unfair; Can we not simply insist that Alliance & Leicester use our lawyer?
Unfortunately,no. The home loan offered to you contains various provisions, a common one being that lawyers needs to be on the Alliance & Leicester solicitor panel. Until recently, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Alliance & Leicester
My wife and I are downsizing from our property in South Woodford and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. A local conveyancer would know that there is no such problem. It does beg the question why the purchasers are using a national conveyancing practice rather than a conveyancing solicitor in South Woodford. Having lived in South Woodford for 4 years we know of no issue. Is it a good idea to contact our local Authority to get clarification need.
It sounds as though you may have a conveyancing lawyer already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
How do I locate a South Woodford law firm on the Alliance & Leicester conveyancing panel? I drive a motor bike and am willing to travel upto 10miles to meet the lawyer.
You can use the facility on this page. Please pick a lender and your location and you will see a number of South Woodford conveyancing lawyers located nearest you. We have detailed some South Woodford conveyancing firms towards the end of this page and you can call them to check whether they are on the Alliance & Leicester approved list
I need to retain a conveyancing solicitor for purchase conveyancing in South Woodford. I have chance upon a site which looks to be the perfect offering If it is possible to get all formalities done via web that would be preferable. 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?
I am attracted to a two apartments in South Woodford which have approximately forty five years unexpired on the leases. Will this present a problem?
A lease is a right to use the property for a prescribed time frame. As the lease gets shorter the saleability of the lease reduces and results in it becoming more expensive to extend the lease. For this reason it is often a good idea to increase the term of the lease. It is often difficult to sell a property with a short lease as mortgage companies may be unwilling to lend money on properties of this type. Lease extension can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this field.
I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a South Woodford conveyancing firm to help?
Most definitely. We are happy to put you in touch with a South Woodford conveyancing firm who can help.
An example of a Lease Extension decision for a South Woodford flat is 135 Maybank Road in January 2013. The Tribunal determined that the price to be paid by the tenants for the grant of a new lease is £10,592 This case related to 1 flat. The unexpired term was 71.2 years.