My previous lawyer has quoted £1150 for freehold conveyancing in East London. I’m looking to sell a Edwardian house for £300,000. Is this over the top? Is it above what I should be paying for conveyancing in East London?
The estimate does seem a tad steep. If you shop around you could get the conveyancing a bit cheaper by perhaps £125. On the other hand, you maycome to regret choosing an an untested solicitor. Don't forget to ensure that the conveyancer can also act for your lender. You can use our search tool to select a East London conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in East London.
It is a dozen years since I acquired my house in East London. Conveyancing solicitors have just been retained on the sale but I am unable to track down the title deeds. Will this jeopardise the sale?
Don’t worry too much. First there is a possibility that the deeds will be kept by the mortgage company or they may be in the possession of the lawyers who oversaw the purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring current official copies of the land registers. Most conveyancing in East London relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is resolvable.
It has been 2 months since my purchase conveyancing in East London took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the advice of my in-laws I had a survey completed on a property in East London ahead of retaining solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies may not grant a loan on a flying freehold property.
It varies from the lender to lender. Santander has different requirements for example to Halifax. If you call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in East London. Conveyancing will be smoother if you use a solicitor in East London especially if they regularly deal with such properties in East London.
My father-in-law has recommend that I instruct his conveyancers in East London. Do I take his guidance?
No doubt it’s preferable to find a conveyancing lawyer is to get recommendations from friends or relatives who have previously instructed the solicitor you're are thinking of instructing.