I am buying a house without a mortgage in Maida Vale. I have lived for the last 20 years in Maida Vale. Conveyancing searches are exorbitant. Given that I know the area and road intimately must I have all the conveyancing searches?
In the absence of a mortgage, then all but one or two of the Maida Vale conveyancing searches are optional. Your lawyer will 'advise', perhaps strongly, that you should have searches carried out, but he is duty bound to do this. Do consider; if you are going to dispose of the house in the future, it may be of relevance to your prospective buyer what the searches contain. There are plenty of instances where properties with no practical issues can still reveal negative search results. A good conveyancing solicitor in Maida Vale should be able to give you some helpful advice here.
Can you explain why leasehold purchase conveyancing in Maida Vale is more expensive?
The conveyancing costs on a leasehold premises in Maida Vale is frequently higher than on a freehold property. This is because there is an amount of additional investigations necessary in corresponding with the freeholder and managing agents to collate the information about whether the rent and service charges have been paid and whether there are any major works due in the near future on repairs or maintenance of the block.
We are purchasing a house in Maida Vale. It might be a silly question but how we can trust a lawyer? On the day of competition we will need to send our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it correct that all Maida Vale CQS (Conveyancing Quality Scheme) solicitors are on the Leeds Building Society conveyancing list of approved practices?
Some major banks and building societies now make use of CQS as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.
When it comes to mortgage companies such as Aldermore, do Maida Vale conveyancers face an annual charge to be on the conveyancing panel?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when buying a property in Maida Vale?
Unless a previous purchase of the house took place after 12 October 2013 you could assume that conveyancing practitioners carrying out conveyancing in Maida Vale to continue to suggest a chancel search and or chancel repair liability policy.
How does conveyancing in Maida Vale differ for new build properties?
Most buyers of new build property in Maida Vale contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because builders in Maida Vale usually purchase the site, 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 conveyancers 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 used to new build conveyancing in Maida Vale or who has acted in the same development.
How simple is it to swap conveyancer as I have to retain a firm on the Birmingham Midshires conveyancing panel. I was using a family conveyancing solicitor in Maida Vale five minutes from me but he is not approved by Birmingham Midshires
We will our best to assist in finding you a conveyancing solicitor in Maida Vale on the Birmingham Midshires panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Maida Vale. Using search facility on this website, you can compare fees for conveyancing solicitors in Maida Vale and throughout England and Wales.