My friend's step-father is a conveyancing practitioner. I expect that I will receive preferential pricing for conveyancing, but if not, what kind of fees would I typically be looking at for conveyancing in Brockley?
Do compare pricing. Make use of our comparison tool on this page. Whilst quotes seem to be different but service levels do are distinct between solicitors as is true with the vast majority of professional services.
Do all mortgage companies provide you with an approved list of Brockley conveyancing solicitors? How do you know who is on the Yorkshire BS conveyancing panel?
Brockley conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
We previously appointed conveyancers based in Brockley on the Kent Reliance solicitor approved list. They are now charging me a further amount for the legal aspects of the Kent Reliance mortgage. Is this an additional conveyancing fee set by Kent Reliance?
Provided it is contained in their Terms and Conditions or Quote then yes your solicitor can levy a fee for this. The fee is not dictated by Kent Reliance but by your Brockley solicitor. Numerous firms on the Kent Reliance panel will levy ’dealing with mortgage’ fee and others do not.
Two weeks ago we had a mortgage agreed in principle with TSB. Brockley conveyancing practitioners have been appointed. What is the average time that one could expect to receive a mortgage offer from TSB?
Some lenders take longer than others. Have TSB completed the survey? Have you informed TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I was told four weeks ago that my mortgage has been agreed to by Principality. Is it usual for Principality to only issue the offer once my solicitor in Brockley is approved on their conveyancing panel? Principality have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have been told that property searches are a common cause of delay in Brockley conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Brockley.
How does conveyancing in Brockley differ for newly converted properties?
Most buyers of new build property in Brockley contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Brockley tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Brockley or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Brockley is where the house is located. What do you suggest?
Flying freeholds in Brockley are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Brockley you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Brockley may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
