Just been in touch with my conveyancing lawyer in Stepney who completed the legal work 18 months ago asking for a conveyancing costs illustration based on an identical type of house sale & purchase (a leasehold residence and a freehold premises) of almost identical values with a loan from Platform Home Loans Ltd. It looks as though am now being quoted twice the amount. Should I hunt for a cheaper online conveyancer?
The charges seem a tad high. If you shop around you might shave off some of the expense by say £125. On the other hand, providing that you were pleased with the conveyancing the firm offered you maycome to regret opting for an a cheaper conveyancer. If is important to be sure the firm can act for Platform Home Loans Ltd. Do make use of our search tool to get a quote a Stepney conveyancing firm on the Platform Home Loans Ltd member panel, which can often include conveyancing solicitors in Stepney.
Would the conveyancing solicitors to be found on your site execute auction conveyancing in Stepney?
There are a few auction solicitors we can connect you with those specialising in auction conveyancing. Stepney is one of hundreds of areas of where our lawyers have offices.
My lender has suggested a law firm on their panel based in Stepney but I would rather use a conveyancing lawyer in Stepney local to me. Can you help?
Far from all Stepney conveyancing solicitors are listed all lender’s conveyancing panel. Do make use of the above search tool to find a Stepney conveyancing conveyancer on the on the lender panel.
I am currently in the process of buying my council flat in Stepney. I have a mortgage agreed with Santander. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Santander, you will need to appoint a solicitor on the Santander conveyancing panel.
It is not clear whether my mortgage offer requires a lease extension. I have called into my local Stepney bank branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Stepney conveyancing solicitor - who is on the bank conveyancing panel- called and was told they will not lend in accordance with their specific requirements. Who do I believe?
The conveyancer has to comply with the CML Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
After what feels like an age I have had an offer on a flat in Stepney accepted, but there is a chain. The sellers have offered on a flat, but it’s not yet tied up, and are looking at other apartments booked. I have chosen a bricks and mortar conveyancing solicitor in Stepney. What should be my next step? At what stage do I apply for the mortgage with Santander?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is in the region of £1k, then valuation, Stepney conveyancing search costs, etc). First, you must ensure that your lawyer is on the Santander approved list. As to the subsequent steps this very much depends on the uniqueness of your case, attraction to this property and on the state of the market. In a rising market the majority of home buyers will apply for a home loan with Santander and arrange for the valuation and only if it comes back ok would they pay their conveyancer to move forward with the conveyancing in Stepney.
I'm refinancing my existing home to a BTL loan with Halifax and I will use the ballance of the raised equity as a deposit on another property. The location we are looking at is Stepney. Will your lawyers be able to act for the two lenders and link together the conveyances?
Make use of our search tool on this page to ensure that the conveyancers are approved by both lenders. Assuming that they are your conveyancer should be able to tie up the two transactions but you should talk with you conveyancer and make apparent your expectations and needs.
When it comes to my conveyancing in Stepney should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Stepney conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.