Just been in touch with my conveyancing lawyer in St Giles who completed the legal work two years ago asking for a conveyancing costs illustration based on an identical type of home move (a leasehold residence and a freehold premises) of similar values with a loan from Yorkshire Building Society. I am now being charged twice the amount. Better the devil I know or should I seek out a cheaper online property lawyer?
The estimate fees appear a little high. Where you are prepared to invest time contrasting prices you could decrease the fees slightly by perhaps £100 plus VAT. On the other hand, if you were satisfied with the conveyancing the firm gave you couldcome to rue opting for an an unknown solicitor. If is important to be sure the solicitor can act for Yorkshire Building Society. Do utilise our search tool to locate a St Giles conveyancing firm on the Yorkshire Building Society member panel, which can often include conveyancing solicitors in St Giles.
I have a decision in principle. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to appoint their panel solicitor as I would prefer to use a specialised conveyancing solicitor in St Giles?
You should check but the chances are that give you one of their panel lawyers if you accept the "fee-free" deal. Contact the mortgage company and see if they make available a cash alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor near St Giles.
I have been told that property searches are a common cause of delay in St Giles conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances during the legal transfer of property. Searches are not likely to feature in any slowing down conveyancing in St Giles.
Are there restrictive covenants that are commonly picked up during conveyancing in St Giles?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in St Giles. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered 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 quick, no chain conveyancing. St Giles is the location of the property. Can you shed any light on this issue?
Flying freeholds in St Giles are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside St Giles you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in St Giles 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 residence.
I'm refinancing my current house to a buy to let mortgage with The Mortgage Works and I will use the rest of the raised equity as a deposit on another property. The area we are looking at is St Giles. Will your conveyancers be able to act for the two banks and tie in the conveyances?
Make use of our comparison tool on this site to check that the solicitors are approved by both mortgage companies. Assuming that they are the conveyancer should be able to tie up the two conveyancing matters but you should have a chat with you lawyer and communicate your desired outcome and needs.