We selected a high street lawyer for my conveyancing in West Ealing recently. Upon checking the fine print I notewe are on the hook for fees even if the dealdoes not happen. Should I go with them or instruct a web based lawyer who offer no completion no charge conveyancing in West Ealing?
Generally there is a compromise along the lines that if "No Completion No Fee" is offered then the fee levels will generally be higher to offset those conveyances that do not go ahead. Dont forget that such offerings generally do not cover expenditure such as West Ealing conveyancing search fees.
Why is leasehold purchase conveyancing in West Ealing costs more?
West Ealing leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am purchasing a flat and require a conveyancing solicitor in West Ealing who is on the Nationwide Building Society solicitor. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Nationwide Building Society in certain locations such as West Ealing. We dont recommend any particular firm.
Is it correct that all West Ealing CQS (Conveyancing Quality Scheme) solicitors are on the UBS conveyancing list of approved firms?
A selection of lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their panels.
Is it the case that all West Ealing conveyancing solicitors on the RBS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the RBS approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. The majority of mortgage companies do allow licenced conveyancers on their panel and in that case the organisation would be governed by the CLC.
I have a mortgage with Co-operative for my property in West Ealing. Conveyancing has been completed months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Co-operative?
You must advise Co-operative prior to renting your property as this is likely to be a breach of Co-operative’s mortgage conditions. It may be that Co-operative will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Co-operative directly. You need not do this via a Co-operative conveyancing panel lawyer.
It has been 2 months following my purchase conveyancing in West Ealing took place. I have checked the Land Registry site which shows that I paid £175,000 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 property 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.
Due to the input of my in-laws I had a survey completed on a property in West Ealing prior to instructing lawyers. I have been informed that there is a flying freehold element to the property. The surveyor has said that some mortgage companies will refuse to grant a mortgage on a flying freehold house.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in West Ealing. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in West Ealing to see if the conveyancing costs will increase in light of this.