We had chosen conveyancers based in Chadwell Heath on the Aldermore solicitor panel. They have just billed me a supplemental amount for dealing with the Aldermore mortgage. Is this a supplemental conveyancing fee set by Aldermore?
As unfair as it may seem, as long as it’s in their Terms and Conditions or Quote then yes your lawyer may levy a fee for this. This charge is not set by Aldermore but by your Chadwell Heath conveyancing practitioner. Plenty of firms on the Aldermore panel will levy ’dealing with mortgage’ fee but plenty of practices include it on their overall fee.
I have decided to exercise my right to buy my property in Chadwell Heath off the council. I have a mortgage agreed with Santander. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Santander, you will need to appoint a solicitor on the Santander conveyancing panel.
The mortgage over my property is with Kent Reliance for my property in Chadwell Heath. Conveyancing has been completed months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
You must advise Kent Reliance in advance of renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will permit you to let 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 Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel solicitor.
Should commercial conveyancing searches disclose impending roadworks that may impact a commercial premises in Chadwell Heath?
Many commercial conveyancing solicitors in Chadwell Heath will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Chadwell Heath. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chadwell Heath.
For every commercial conveyancing transaction in Chadwell Heath it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Chadwell Heath commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in Chadwell Heath.
3 months have gone by since my purchase conveyancing in Chadwell Heath completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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.
How does conveyancing in Chadwell Heath differ for new build properties?
Most buyers of new build residence in Chadwell Heath contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is completed. This is because developers in Chadwell Heath tend to buy the land, 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 property lawyers 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 Chadwell Heath or who has acted in the same development.
I was recommended by numerous selling agents in Chadwell Heath to get a quote from a property lawyer on your site. Is there a financial incentive for Estate Agents to recommend your lawyers ahead of another?
We refuse to give any financial incentive for pointing buyers and sellers to this site. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
I am using a search engine for the words conveyancing in Chadwell Heath it reveals many conveyancersin the area. With so much choice what is the best way to find the suitable solicitor for my move?
The preferential way of choosing a suitable conveyancer is through a personal recommendation, so seek the guidance of colleagues and relatives who have acquired a property in Chadwell Heath or a reputable estate agent or financial adviser. Costs for conveyancing in Chadwell Heath vary, so it's sensible to secure a minimum of four fee calculations from varying types of conveyancers. Be sure to obtain confirmation what costs in the quote includes.