We were about to choose a conveyancing solicitor in Paddington recommended on your site but have come across some other estimates on the internet look less expensive – why is this?
One can find numerous firms advertising self styled £99 conveyancing, unfortunately it’s common in such cases for supplementalfees end up with the closing invoice being escalated. In accordance with regulatory requirements charges listed in terms of business should be equitable and be applied The solicitors that we put forward for conveyancing in Paddington set out all legal fees for a residential conveyancing case.
We were just about to sign contracts for a ground floor flat in Paddington. We encountered a stumbling block. Our mortgage offer with Leeds Building Society expires on 20/1/2025 but the owners are suggesting a completion date of 22/1/2025. Is it possible to extend the loan offer?
The person best placed to address this concern is your lawyer who is in a position to determine whether he or she is corresponding with the lender, seller’s representatives, estate agents or indeed all parties given the circumstances your conveyancing to date.
Should our conveyancer be making enquiries concerning flooding as part of the conveyancing in Paddington.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Paddington. Plenty of people will acquire a house in Paddington, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Lawyers are not best placed to offer advice on flood risk, but there are a numerous checks that can be undertaken by the purchaser or by their lawyers which can give them a better appreciation of the risks in Paddington. The conventional set of information supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the vendor to find out whether the property has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the owner, then a purchaser may bring a legal claim for losses as a result of such an misleading reply. A buyer’s conveyancers may also order an enviro search. This should indicate whether there is any known flood risk. If so, further inquiries will need to be initiated.
Should I be concerned that estate agents that I am dealing with are recommending an internet conveyancing firm rather than a local Paddington conveyancing company?
As with lots of professional services, often recommendations from relatives can be extremely useful or valuable. But there are numerous players in a conveyancing deal; estate agents, financial adviser and banks may recommend lawyers to instruct. Sometimes these lawyers might be known to one of the organisations as experts in their field, but occasionally there is an underlying commercial relationship behind the endorsement. You have the discretion to appoint your own lawyer. However, bear in mind that most mortgage providers specify a panel list of solicitors you must use for the mortgage related work in your home move.
My husband and I are first time buyers - agreed a price, but the agent advised that the seller will only proceed if we use their preferred lawyers as they need a ‘quick sale’. My instinct tells me that we should use a local conveyancer who is familiar with conveyancing in Paddington
We suspect that the seller is not behind this request. Should the vendor desire ‘a quick sale', taking such a hostile approach to a serious buyer is likely to cause more damage than good. Speak to the owners direct and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you will continue to use your own,trusted Paddington conveyancing lawyers - not the ones that will give their negotiator at the agency a kickback or hit his conveyancing figures demanded by corporate headquarters.