Just contacted my conveyancing lawyer in Sydenham Hill who acted for me 18 months ago requesting a conveyancing estimate based on the same type of house move (a leasehold property and a freehold premises) of similar values with a home loan from The Mortgage Works. I am now being quoted twice the amount. Am I right to be tempted to shop around for a cheaper online firm of conveyancing solicitor?
The estimate does seem a little steep. If you you were to look around you might get the conveyancing a bit cheaper by perhaps £125. On the other hand, if you were happy with the legal work the firm provided you couldlive to regret opting for an an unknown solicitor. Remember to enquire that the conveyancer can act for The Mortgage Works. You can utilise our search tool to choose a Sydenham Hill conveyancing firm on the The Mortgage Works approved list of lawyers, which can often include conveyancing solicitors in Sydenham Hill.
I am in a contract race with another prospective purchaser for a property in Sydenham Hill. What can be done to quicken up the buying process?
In the event that the seller is applying pressure to exchange we would recommend that your lawyer is familiar with the location as they will make use of local relationships and intelligence. It is even conceivable that they would have transacted previoushomes in the same neighbourhood. Therefore consider using a Sydenham Hill conveyancing firm. Second, make sure that the lawyer is on the on the approved list for your mortgage company. It is estimated that just under twenty per cent of Sydenham Hill conveyancing deals are frustrated or jeopardised after finding out that a buyer’s solicitor was not on their mortgage lender’s panel. In many cases this discovery resulted in the legal transfer of property being delayed by as much as 21 days. It is claimed that this issue affects approximately 100,000 home moves annually. Most Sydenham Hill conveyancing practices can not represent certain mortgage companies so do check at the outset.
It is is a decade since I bought my property in Sydenham Hill. Conveyancing lawyers have just been instructed on the sale but I am unable to track down my title deeds. Is this a major issue?
Don’t worry too much. First there is a chance that the deeds will be with the mortgage company or they may be archived with the lawyers who oversaw your purchase. Secondly in all probability the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers acquiring up to date copy of the land registers. Nearly all conveyancing in Sydenham Hill involves registered property but in the rare situation where your home is not registered it is more problematic but is not insurmountable.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would much rather appoint a Sydenham Hill based conveyancing firm?
You should check but the the likelihood is that appoint one of their panel solicitors should you take up the "fee-free" incentive. Speak to the bank and explore if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Sydenham Hill.
I am assisting my step-mother sell her house in Sydenham Hill. Will the solicitor arrange the EPC or should I organise this?
After the abolition of Home Information Packs, energy assessments was left as a required component of selling a house. An energy performance certificate needs to be commissioned before the property is advertised. This is not as aspect of the sale process that lawyers normally organise. If you are instructing a Sydenham Hill conveyancing lawyer they may help arrange energy assessments given their relationships with long established local assessors
Can you help - my lawyer says that restrictive coveneant insurance is needed on my purchase. What is the level of cover for Sydenham Hill conveyancing?
The appropriate level of restrictive coveneant indemnity insurance should be dictated by who your lender. It would differ for example between Yorkshire Building Society and Bank of Scotland. Conveyancing practitioners as opposed to members of the public take out such policies.
I am selling my flat. I had a double glazing fitted in October 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Aldermore are being difficult. The Sydenham Hill solicitor who is on the Aldermore conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Aldermore are requiring a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have been recommended by a few property agents in Sydenham Hill to locate a solicitor on your site. What’s the financial inducement for Estate Agents to recommend your lawyers over and above alternative conveyancing organisations?
We don’t make any commission for pointing buyers and sellers in our direction. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.