I am buying a house without a mortgage in Tadworth. I have resided for the last Seventeen years in Tadworth. Conveyancing searches are a lot of money. Given that I have knowledge of the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then the vast majority of the Tadworth conveyancing searches are non-obligatory. Your conveyancer will try and sway you, no-doubt strongly, that you should have searches done, but she is duty bound to take that path of guidance. Do take into account; if you are likely to sell the house at a future date, it will likely be be of relevance to your prospective buyer what the searches disclose. There are plenty of instances where premises with day to day issues can still reveal unexpected search results. A good conveyancing solicitor in Tadworth should provide you some practical guidance in this regard.
Do lawyers request money up-front for conveyancing in Tadworth?
If you are buying a property in Tadworth your lawyer will request that you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the deposit is payable against the purchase price then this should be needed immediately before contracts are exchanged. The final balance that is due should be transferred a few days ahead of the day of completion.
Our mortgage company has suggested a law firm on their panel based in Tadworth but I would rather use a conveyancing lawyer in Tadworth or nearer to where I live. Can you help?
Far from all Tadworth conveyancing solicitors are on all banks conveyancing panel. Do make the most of the above find an approved solicitor tool to find a Tadworth conveyancing conveyancer on the on the bank panel.
I have been told that property searches are the primary reason for stalling in Tadworth house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays during the legal transfer of property. Searches are not likely to be the root cause of slowing down conveyancing in Tadworth.
It has been five months following my purchase conveyancing in Tadworth took place. I have checked the Land Registry site which shows that I paid £200,000 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.
I have been recommended by a few property agents in Tadworth to find a property lawyer on your site. What’s the financial upside for Estate Agents to promote your lawyers rather than alternative conveyancing organisations?
We don’t make any financial incentive for sending work to this site. We thought it would be too underhand to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.