I was recommended to a solicitor who has given a fee estimate just over a thousand pound for leasehold conveyancing in West Hendon. I’m selling a newly refurbished house for £300,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in West Hendon?
The costs illustration is slightly on the steep side. If you shop around you may be able to trim some of the expense by perhaps a hundred pounds. On the other hand, you couldlive to rue choosing an an unknown conveyancer. If is important to enquire the firm can represent your bank. Do use our comparison tool to choose a West Hendon conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in West Hendon.
In what way does my ID and proof of funds have anything to do with my conveyancing in West Hendon? Is this really necessary?
West Hendon conveyancing solicitors and indeed property lawyers accross the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill no more than three months).
Evidence of source of monies is also necessary in accordance with the money laundering statutes as solicitors are duty bound to investigate that the monies you are using to acquire a property (whether it be the deposit for exchange or the total purchase amount where you are buying without a mortgage) has come from legitimate source (such as employment savings) as opposed to the fruits of illegitimate activity.
I have a decision in principle. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would much rather appoint a specialised conveyancing solicitor in West Hendon?
Do check but the chances are that give you one of their panel lawyers where you accept the "fee-free" deal. Speak to the lender and determine if they make available a cash alternative. In the past a few lenders offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in West Hendon.
There is lots of information on this site about conveyancing in West Hendon but what is your top tip for choosing the right conveyancer in West Hendon
Do not opt for the lowest West Hendon conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Can you point me to a directory of Co-operative panel solicitors in West Hendon on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association websites. Very few mortgage companies make their panel listings visible on the web. Where you are seeking to appoint a West Hendon property lawyer on the Co-operative please make the most of our tool.
I am expecting a OIP from Skipton this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Skipton recommend any West Hendon solicitors on the Skipton conveyancing panel, or is it better to go independently?
You will need to appoint West Hendon solicitors independently although you'll need to choose one on the Skipton conveyancing panel. The solicitor represents both you and Skipton through the process.
3 months have elapsed since my purchase conveyancing in West Hendon completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. 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 residence 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 am buying a new build apartment in West Hendon. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in West Hendon
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.