I require conveyancing for an apartment in a fairly new development (6 years built) in Strawberry Hill. 95% of the flats have already been occupied. Do I need carry out the local searches for my conveyancing in Strawberry Hill?
Where you are obtaining a loan, your bank will insist on some (many) of the searches so you'll have no choice. If not, then Strawberry Hill conveyancing searches are optional. No doubt your conveyancer, will ’encourage’, perhaps in the strongest possible terms, that you should not go ahead without searches, but he or she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or you will need to swap to another solicitor for your conveyancing in Strawberry Hill.
As someone not used to conveyancing in Strawberry Hill what’s the number one tip you can give me concerning the legal transfer of property in Strawberry Hill
Not many law firms shout this from the rooftops but conveyancing in Strawberry Hill or throughout North London is an adversarial experience. In other words, when it comes to conveyancing there exists plenty of room for confrontation between you and others involved in the legal transfer of property. For instance, the seller, property agent and on occasion your mortgage company. Appointing a solicitor for your conveyancing in Strawberry Hill an important selection as your conveyancer is your adviser, and is the SOLE person in the transaction whose role it is to act in your best interests and to protect you.
We are witnessing a worrying ongoing adversarial element to conveyancing- someone must be at fault for the process being so protracted. You should always trust your conveyancer above all other players when it comes to the legal transfer of property.
There are numerous conveyancing solicitors in Strawberry Hill but how do I know who's good?
It would be unwise to be swayed by the cheapest Strawberry Hill conveyancing costs illustration. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
It is not clear whether my bank requires a lease extension. I have called my Strawberry Hill bank branch on various occasions and was told it does not impact the mortgage offer and they will lend. My Strawberry Hill conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
Your solicitor has to follow the Council of Mortgage Lenders’ Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Planning on purchasing a flat in Strawberry Hill. 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 Virgin Money 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 Strawberry Hill property lawyer is on the Virgin Money conveyancing panel.
I have been told that property searches are the primary cause of stalling in Strawberry Hill conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Strawberry Hill.
I opted to have a survey completed on a house in Strawberry Hill prior to retaining conveyancers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some banks will not grant a mortgage on such a home.
It depends who your proposed lender is. Santander has different instructions from Halifax. If you contact us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Strawberry Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Strawberry Hill to see if the conveyancing costs will increase in light of this.
I need to instruct a conveyancing lawyer in Strawberry Hill for my home move. Can I check a firm’s record with the legal regulator?
You may find presented Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after 1 January 2008. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA may monitor telephone calls for training purposes.