The solicitor who helped my former purchase has sent a quote for £995 for fixed fee conveyancing in Finchley. I’m hoping to sell a newly refurbished property for £150,000. Are the quoted fees excessive? Is it in excess of the norm for conveyancing in Finchley?
The costs illustration is fractionally on the high side. If you shop around you could trim some of the expense by say £100 plus VAT. That being said, you maylive to rue choosing an an unknown solicitor. Don't forget to be sure the solicitor can act for your lender. You can utilise our comparison tool to find a Finchley conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Finchley.
We have very assertive sellers who has suggested a exclusivity contract with a payment 6,000. Are such agreements appropriate for Finchley conveyancing transactions?
Lock out agreements are contracts between a property seller and purchaser giving the buyer the sole right to purchase the property within a prescribed time frame. Essentially, a lock out agreement is a contract specifying that you will be issued with a contract at a later date which is the contract for the actual sale. It tends to be utilised for buyer assurance though in many situations, the proprietor may stand to benefit from such agreements as well. There are various positives and negatives to using an agreement but you should to check with your lawyer but note that it may end up incurring more in conveyancing fees. In light of this these agreements are avoided when it comes to conveyancing in Finchley.
We're in Finchley, First time buyers purchasing with a mortgage (lender is Co-operative , and our solicitor is on the Co-operative conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Co-operative conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am close to exchanging contracts on the sale of our house in Finchley and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Finchley conveyancer would know this is not the case. It does beg the question why the buyers instructed a national conveyancing firm rather than a conveyancing solicitor in Finchley. We have lived in Finchley for 4 years we know of no issue. Is it a good idea to get in touch with our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I own a renovated Victorian house in Finchley. Conveyancing lawyer acted for me and Barclays . I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be 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 Finchley and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing solicitor who conducted the purchase.
Hoping to buy a property located in Finchley and I am already nervous. I couldn't find anything specific about Finchley. Conveyancing will be needed in due course but do you know about the Finchley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Finchley. In the meantime here are some basic statistics that we found