The solicitor who assisted with my last purchase has given a fee estimate £1700 for no move no fee conveyancing in Woodford. I’m hoping to downsize from a purpose built house for £175,000. Are the quoted fees excessive? Is it in excess of the average fee for conveyancing in Woodford?
The charges are a bit high. If you shop around you might trim some of the expense by as much as a hundred pounds. On the other hand, you mightlive to regret choosing an an unknown conveyancer. Remember to ensure the solicitor can act for your lender. Do make use of our search tool to get a quote a Woodford conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Woodford.
My partner and I changing mortgage lender for our penthouse in Woodford with UBS. We have a son 19 who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is repossessed. I have a couple of questions (1) Is this form unique to the UBS conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) Does our son by signing this extinguish his entitlement to inherit the property?
First, rest assured that your UBS conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to UBS. This is solely used to protect UBS if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of UBS had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
We see that you have a post code search directory listing firms on the UBS conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Woodford?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Woodford.
We are purchasing a purpose built flat in Woodford with a homeloan from Barclays .We would like to retain our Woodford conveyancing solicitor but Barclays says his firm is not on their approved list of member firms. It seems we are left with no choice but to instruct a Barclays panel firm or keep our local solicitor and fork out for a Barclays panel lawyer to represent them. This seems very unfair; is there anything we can do?
No, not really. The loan offered to you contains terms and conditions, one of which will be that solicitors must be on the Barclays conveyancing panel. Until recently, most banks had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Barclays
I have justdiscovered that Arc property Solicitors have closed. They carried out my conveyancing in Woodford for a purchase of a freehold house 12 months ago. How can I check that the property is in my name in the name of the former proprietor?
The quickest method to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Woodford conveyancing specialists.
I opted to have a survey completed on a property in Woodford ahead of instructing solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some lenders will refuse to issue a loan on this type of property.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. If you e-mail us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Woodford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Woodford to see if the conveyancing will be more expensive.