Having been referred to your organisation we were going to use a conveyancing solicitor in Harrow listed by you but have come across alternative costs illustrations on the internet seem less pricey – why is this?
There are numerous solicitors advertising what appear to be cut price. You should think long and hard as to how much you respect your own move to want to be penny wise pound foolish in relation to the quality of the legal work. Some hide extras deep into the terms of business. The conveyancers that we put forward for conveyancing in Harrow neverbehave this way.
Our conveyancer has discovered a defect with the lease for the property we are buying in Harrow. The seller’s lawyers have suggested title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancing practitioner says that he must be satisfied that the bank is willing to move forward with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the lender are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your solicitor will have no choice but to discontinue acting for you.
I have justbeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Harrow for a purchase of a leasehold flat 18 months ago. How can I be sure that the property is registered correctly in the name of the previous owner?
The easiest method to see if the premises is registered to you, you can carry out 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 Harrow conveyancing specialists.
How does conveyancing in Harrow differ for new build properties?
Most buyers of new build premises in Harrow contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Harrow usually acquire the land, 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 property lawyers 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 Harrow or who has acted in the same development.
Is it true that a Harrow conveyancing company taken to court by a client for not carrying out comprehensive conveyancing investigations?
We are not aware of such a Harrow conveyancing matter but it has been reported that, clients purchasing a property elsewhere in England successfully sued their conveyancer due to development permission to construct a wind farm not being picked up in conveyancing searches.
If you are buying in Harrow It is critical that your solicitor purchase all Harrow conveyancing searches needed to ensure you have relevant and up to date information before buying a home in Harrow.