My family solicitor has sent a quote for £1400 for leasehold conveyancing in Croydon. I’m looking to sell a modern house for £300,000. Is this too much? Is it in excess of what I should be paying for conveyancing in Croydon?
The estimate does seem a tad steep. If you are happy to spend time comparing costs you may be able to get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, you mightcome to rue choosing an an unknown solicitor. Remember to check that the solicitor can also act for your lender. Do make use of our comparison tool to get a quote a Croydon conveyancing practice on the banks conveyancing panel which can often include conveyancing solicitors in Croydon.
I require quick conveyancing in Croydon as I have a deadline to complete inside one month. A home loan is not required. Is it possible to decline from having conveyancing searches to save fees and time?
As you are not taking a home loan you are at liberty not to have searches conducted although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Croydon the following are examples of what can show up and therefore affect future saleability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
My wife and I purchased a terraced Edwardian property in Croydon. Conveyancing practitioner represented me and Birmingham Midshires. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Croydon and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with your conveyancing practitioner who conducted the conveyancing.
I am purchasing a new build house in Croydon with a loan from Accord Mortgages Ltd. The builders refused to budge the amount so I negotiated 6k of extras instead. The house builders rep advised me not disclose to my solicitor about this extras as it may affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My husband and I are novice buyers - agreed a price, yet the selling agent advised that the owners will only issue a contract if we instruct their chosen solicitors as they need an ‘expedited deal’. We would rather use a high street conveyancer with experience of conveyancing in Croydon
It is unlikely the owners are behind this. Should the vendor desire ‘a quick sale', alienating a motivated buyer is counter productive. Avoid the agents and go straight to the sellers and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you are going to appoint your own,trusted Croydon conveyancing firm - as opposed tothose that will provide the estate agent a commission or achieve conveyancing thresholds pre-set by senior management.
Much to my surprise my conveyancer in Croydon has informed me that he requires identification documents saying that this forms part of his obligations as a conveyancer on the bank Conveyancing panel. This is news to me - can I refuse?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the bank. This is not specific to conveyancing in Croydon