My previous solicitor has sent a quote for £1700 for fixed fee conveyancing in Thamesmead. I’m hoping to sell a newly refurbished property for £275,000. This sounds over the top. Is it in excess of what I should be paying for conveyancing in Thamesmead?
The estimate does seem marginally steep. If you shop around you may be able to get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, you mightlive to regret opting for an an untested conveyancer. Remember to enquire the firm can represent your bank. You can utilise our search tool to locate a Thamesmead conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Thamesmead.
Is there a reason why leasehold purchase conveyancing in Thamesmead is more expensive?
In summary, leasehold conveyancing in Thamesmead and elsewhere usually requires more work compared to freehold transactions. This includes lease investigation, corresponding with the landlord about serving applicable notices, obtaining current service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first granted.
Do the Building Society Association intend to launch a online directory to to identify firms on the Melton Mowbray Building Society conveyancing panel for instance in Thamesmead?
We would not expect to be advised of any plans on the part of the BSA to develop such a register.
My father advised me that in buying a property in Thamesmead there may be a number of restrictions as to what one can do in terms of external alterations to a property. Is this right?
There are anumerous of properties in Thamesmead which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Thamesmead should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Are all Thamesmead Conveyancing Quality Solicitors on the Virgin Money conveyancing panel?
It is true that some lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.
is it true that all Thamesmead solicitor firms on the Aldermore conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Aldermore conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. The majority of mortgage companies do allow licenced conveyancers on their panel in which case such organisation would be governed by the Council of Licensed Conveyancers.
I moved into my apartment on 13 April and the transaction details are still not registered. Need I be worried? My conveyancing solicitor in Thamesmead advises it would be dealt with inside ten days. Are properties in Thamesmead uniquely lengthy to register?
There is nothing unique about conveyancing in Thamesmead registration formalities. Rather than based on location, timescales can differ subject to who lodges the application, whether there are errors and whether the Land registry must send notices to any other parties. Currently in the region of 80% of such applications are completed within 12 days but occasionally there can be longer hold-ups. Registration takes place after the purchaser has moved in to the property therefore an expedited registration is not usually primary concern but where it is urgent that the the registration takes place urgently then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Thamesmead differ for newly converted properties?
Most buyers of new build property in Thamesmead come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in Thamesmead tend to acquire the real estate, 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 Thamesmead or who has acted in the same development.