We went with a high street solicitor for our conveyancing in Brockley last week. Reviewing the fine print I notewe are liable for charges even if our purchase doesn't happen. Should I ditch them and select a web based firm who offer no completion no charge conveyancing in Brockley?
It is usually ‘give and take’ in that if "No Sale No Fee" is advertised then the fee levels will tend to be be more expensive to counteract the conveyances that do not proceed. Please beware that these offerings tend not to protect you from expenses for example Brockley conveyancing search costs.
Is it possible for conveyancing in Brockley to be completed in 3 weeks?
In the event that you are under a tight deadline for your conveyancing it is highly recommended that your lawyer is familiar with the area as they will have local contacts and intelligence. It is possible that they would have conducted otherhomes in the same street. Therefore consider using a Brockley conveyancing firm. In addition, make sure that the lawyer is on the member panel. It is understood that just under twenty per cent of Brockley conveyancing transactions are held up or jeopardised after finding out that a purchaser’s lawyer was not on their mortgage lender’s list of approved solicitors. This can often result in the home move being held up by almost three weeks. It is believed that this issue affects approximately one hundred thousand home sales every year. Almost all Brockley conveyancing firms can not represent certain mortgage companies so do check at the outset.
Finally the sale completed on my house in Brockley last September but our buyer keeps SMS messaging me to moan that her lawyer is waiting to hear from mine. What should have happened now that I have sold?
Following your sale your solicitor is obliged to deliver the transfer documentation and all supplemental paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer must also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There is unlikely to be post completion steps peculiar conveyancing in Brockley.
Are the BSA planning on creating a searchable register to to identify practices on the Earl Shilton BS conveyancing panel for example in Brockley?
We have not been informed any intention on the part of the BSA to develop such a search facility.
My wife and I own a renovated Edwardian property in Brockley. Conveyancing lawyer acted for me and National Westminster Bank. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for 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 Brockley 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 buyers. You can also question the situation with your conveyancing practitioner who conducted the purchase.
How does conveyancing in Brockley differ for newly converted properties?
Most buyers of new build or newly converted property in Brockley contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Brockley usually buy the real estate, 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 accustomed to new build conveyancing in Brockley or who has acted in the same development.