My family solicitor has sent a quote for £1400 for freehold conveyancing in Shadwell. I’m selling a Georgian property for £225,000. Is this overpriced? Is it above the average fee for conveyancing in Shadwell?
The estimate does seem marginally steep. Where you are happy to invest time comparing fee on a like for like basis you could get the conveyancing a bit cheaper by say £125. On the other hand, you mightcome to rue opting for an an unknown lawyer. If is important to be sure the conveyancer can represent your bank. Do utilise our search tool to get a quote a Shadwell conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Shadwell.
It is a dozen years since I acquired my home in Shadwell. Conveyancing solicitors have now been instructed on the sale but I am unable to find my deeds. Is this a problem?
Don’t worry too much. Firstly there is a possibility that the deeds will be kept by your lender or they may be in the possession of the lawyers who acted in your purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining current official copies of the land registers. The vast majority of conveyancing in Shadwell involves registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
Will our conveyancer be making enquiries concerning flooding during the conveyancing in Shadwell.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Shadwell. There are those who buy a house in Shadwell, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, however there are a number of searches that may be carried out by the buyer or on a buyer’s behalf which will figure out the risks in Shadwell. The standard information supplied to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the seller to determine whether the property has suffered from flooding. In the event that flooding has previously occurred and is not revealed by the vendor, then a buyer may issue a legal claim for losses resulting from an misleading answer. A purchaser’s lawyers will also commission an enviro report. This will higlight if there is any known flood risk. If so, more detailed inquiries should be initiated.
I used Wolstenholmes a few years ago for my conveyancing in Shadwell. I now require my papers but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Shadwell of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Just had an offer accepted on a new build flat in Shadwell. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Shadwell
There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Shadwell is where the house is located. Can you offer any advice?
Flying freeholds in Shadwell are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shadwell you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shadwell may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.