The solicitor who assisted with my previous purchase has given a fee estimate £1200 for no sale no fee conveyancing in Upton Park. I’m selling a Edwardian detached home for £150,000. This appears expensive. Is it above the average fee for conveyancing in Upton Park?
The estimate does seem marginally steep. Where you are prepared to expend time comparing costs you may be able to shave off some of the expense by perhaps £125. That being said, you maylive to rue choosing an an untested conveyancer. Remember to enquire the firm can also act for your bank. Do employ our comparison tool to select a Upton Park conveyancing company on the banks member panel which can often include conveyancing solicitors in Upton Park.
My conveyancer has identified a a problem with the lease for the flat we are buying in Upton Park. The other side have put forward title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor says that he must ensure that the lender is happy with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your property lawyer must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancing practitioner will have no choice but to discontinue acting for you.
Despite weeks of looking the Title Certificate and documents to my house are lost. The lawyers who handled the conveyancing in Upton Park 10 years ago have long since closed. What are my next steps?
Assuming the title is registered the details of your proprietorship will be evidenced by the Land Registry under a Title Number. It is easy to conduct a search at the Land Registry, identify your house and secure up to date copies of the Registered Entries for a small fee. If the title is Leasehold then the Land Registry will also normally retain a certified duplicate of the Registered Lease and again, a copy can be retrieved for a small fee.
I am a sole trader hoping to take over a lease of a shop on the high street. Can you recommend conveyancers offering fixed costs for non-domestic conveyancing in Upton Park for under £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Upton Park, including the sale and acquisition of businesses as well as simply premises. Whether you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we will find you the right firm. Regarding the costs this will depend on the structure and complexity of the deal. Let us have your details or telephone us so that we can supply you with a fixed commercial conveyancing quote.
My husband and I are four weeks into a residential purchase having been directed to a firm by the high street agent to do our conveyancing in Upton Park. I am am very disappointed with the level of service. Can you help me find new solicitors?
They would have to be very poor to suggest changing them. Has the mortgage been issued? If so you must make them aware of the new contact details and get the loan are re-sent. Your solicitor ideally should be on the mortgage company panel to avoid added fees and complications. So that should be your first question of the new solicitors. The find a solicitor tool will assist you in finding a lender approved conveyancer for your home move in Upton Park
My 20yr old son is embarking on her first house purchase, he had his mortgage in principle. After the seller agreed the offer on the house we contacted the bank to move forward with his. I was disappointed to discover that banks do not accept all property lawyer, they need to be on their approved list, is this right?
Lenders normally imposes restrictions either the type or the number of conveyancing practices on their approved list of lawyers. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Upton Park property lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.