Recently been in touch with my conveyancing solicitor in Finchley who completed the legal work 18 months ago asking for a conveyancing quote based on the same type of house sale & purchase (a leasehold residence and a freehold premises) of almost identical values with a loan from TSB. I am now being quoted double. Better the devil I know or do I try and find an alternative conveyancer?
The estimate does seem a little steep. If you you were to look around you could decrease the fees marginally by as much as £125. That being said, if you were pleased with the assistance the firm provided you couldcome to rue opting for an an unknown lawyer. Don't forget to be sure the firm can also act for TSB. You can make use of our search tool to get a quote a Finchley conveyancing firm on the TSB approved list of lawyers, which can often include conveyancing solicitors in Finchley.
I have a decision in principle. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would prefer to use a local conveyancing solicitor in Finchley?
You should check but the the probability is that appoint one of their panel solicitors where you accept the "fee-free" offer. Call the mortgage company and see if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Finchley.
Me and my brother own a 4 bedroom Victorian property in Finchley. Conveyancing lawyer represented me and Bank of Scotland. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to read 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 Finchley and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing solicitor who conducted the conveyancing.
How does conveyancing in Finchley differ for newly converted properties?
Most buyers of new build property in Finchley come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because developers in Finchley tend to 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 Finchley or who has acted in the same development.
We're first time buyers - had an offer accepted, yet the selling agent advised that the owners will only go ahead if we instruct the agent's recommended lawyers as they want a ‘quick sale’. My instinct tells me that we should use a high street conveyancer who is accustomed to conveyancing in Finchley
We suspect that the owner is not behind this ultimatum. If they want ‘a quick sale', alienating a serious buyer is likely to cause more damage than good. Contact the sellers directly and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)however you will continue to appoint your own,trusted Finchley conveyancing firm - not the ones that will give the negotiator at the agency a kickback or achieve conveyancing figures pre-set by head office.
My wife and I have had DIP from National Westminster Bank who indicated that they will lend up to £350k. At what point do I need to instruct a practitioner for conveyancing? Finchley is where we plan to move to.
It would be wise to appoint a lawyer now requesting that they create a file for you. This will trigger: 1) the estate agent to send out the Sales Memorandum to all parties 2) the seller’s lawyer to submit the draft contract. That being said, do not instruct your property lawyer to order searches until you receive your valuation report via National Westminster Bank and you are willing to move forward.