My best friend’s dad is a conveyancing practitioner. I expect that I'll be able to get preferential pricing for conveyancing, However if that does not come through, what level of costs should I be expecting for conveyancing in Radlett?
You should contrast pricing. Do use our comparison tool on this site. You will notice that fees will vary but the service one can expect differ between conveyancers as is true with the vast majority of professional services.
Do conveyancers request money up-front for conveyancing in Radlett?
If you are buying a property in Radlett your solicitor will ask you place them with monies to cover the search fees. Normally this is asked for to cover the fees of the conveyancing searches. When the deposit is as part of the total price then this will be asked for immediately prior to exchange of contracts. The final balance that is needed will be payable a couple of days prior to the completion date.
My fiancee and I are in the throws of looking at apartments in Radlett and I am about to put in an offer. Is it best to have my lawyer on ‘stand by’? I intend to finance via a mortgage with HSBC.
It would be sensible to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. As you are obtaining a mortgage with HSBC, make sure you remember to check that your lawyer is on the HSBC conveyancing panel.
I have today made my last payment due on my mortgage with Bank of Ireland. I assume I don't need a Radlett property lawyer on the Bank of Ireland panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Bank of Ireland mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Bank of Ireland mortgage from the register. Bank of Ireland, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
I have finally had an offer on a flat in Radlett accepted, but there is a chain. The owners have offered on a property, however it’s not yet tied up, and are looking at other properties in the pipeline. I have chosen a local conveyancing solicitor in Radlett. What do I do now? When do I get the mortgage application with UBS started?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx one thousand pounds, then valuation, Radlett conveyancing search fees, etc). The first thing to do is ensure that your solicitor is on the UBS approved list. Regarding the next stages this very much depends on the circumstances of your transaction, motivation for the property and on the state of the market. During a rising market many purchasers would apply for a home loan with UBS and arrange for the valuation and only if it was satisfactory would they request their solicitor to move forward with searches.
The deeds to our home are lost. The solicitors who conducted the conveyancing in Radlett 4 years ago are no longer around. What are my next steps?
You no longer need to have the physical original deeds to prove you own the land or property, as the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Radlett differ for new build properties?
Most buyers of new build residence in Radlett contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because developers in Radlett usually buy 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 accustomed to new build conveyancing in Radlett or who has acted in the same development.
I opted to have a survey completed on a house in Radlett before appointing conveyancers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some banks tend not grant a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Radlett. Conveyancing will be smoother if you use a solicitor in Radlett especially if they are accustomed to such properties in Radlett.