I require conveyancing for a flat in a relatively new development (6 years built) in Croydon. 95% of the properties have already been occupied. Do I need carry out the local searches for my conveyancing in Croydon?
You would be taking a significant risk in failing carrying out Croydon conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would strongly advise in the strongest possible terms that your lawyer conducts them. Where time pressures and expenses are primary issues you should discuss with your solicitor about the options such as contingency insurance available to you
Can you explain why leasehold purchase conveyancing in Croydon is more expensive?
The conveyancing charges on a leasehold property in Croydon is inevitably greater than on a freehold property. This is because there is an amount of supplemental time required in liaising with the landlord and management company to collate the evidence about whether the rent and maintenance fee have been cleared and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the building.
My brother-in-law has suggested I instruct a conveyancing solicitor in Croydon. I need to find out whether they are on the Nationwide Building Society approved list of lawyers. Could you or the lender confirm if they are on the panel?
The first thing to do is contact the conveyancer and enquire whether they are on the lender panel. Otherwise please get in touch with Nationwide Building Society who may be able to assist.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Croydon?
There are many registered licenced Conveyancers in Croydon and Solicitor partnerships in Croydon offering conveyancing It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. Both can handle associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Please help - my lawyer says that missing deeds insurance is needed on my purchase. What is the level of cover for Croydon conveyancing?
The appropriate level of missing deeds indemnity insurance should be dictated by who your lender. It would differ for example between Lloyds TSB Bank and Skipton Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Croydon building society branch on various occasions and was told it wasn't a problem and they would lend. My Croydon conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they would not lend based on their specific requirements. Who do I believe?
Provided that the property lawyer is on the lender panel, they must comply with the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
It has been 2 months since my purchase conveyancing in Croydon took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 property 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.
Is it possible to switch firm as I have to find one who is on the Virgin Money conveyancing panel. I instructed a local conveyancing solicitor in Croydon five minutes from me but the firm is not accepted by Virgin Money
We will our best to assist in finding you a conveyancing solicitor in Croydon on the Virgin Money panel. Please note that the property lawyers that we on the directory do not pay us fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Croydon. In making use of search facility on this site, you can contrast fees for conveyancing solicitors in Croydon and beyond.