What is your number one tip for choosing a conveyancing solicitor in Silvertown
Do not opt for the cheapest Silvertown conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
Can you help - my lawyer says that flying freehold insurance is needed on my purchase. What is the level of cover for Silvertown conveyancing?
The appropriate level of flying freehold indemnity insurance depends on who your lender is. It would differ for example between Yorkshire Building Society and The Royal Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such insurances.
When it comes to mortgage companies such as TSB, do Silvertown conveyancers face an annual charge to be on the conveyancing panel?
We are unaware of any bank fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
A colleague advised me that if I am buying in Silvertown I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Silvertown conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Silvertown around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Silvertown Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Silvertown Education with maps and statistics, Local Amenities and other useful information about Silvertown.
Me and my brother purchased a terraced Georgian house in Silvertown. Conveyancing practitioner represented me and Yorkshire Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Silvertown and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing solicitor who conducted the conveyancing.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a straight forward, chain free conveyancing. Silvertown is the location of the property. Can you shed any light on this issue?
Flying freeholds in Silvertown are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Silvertown you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Silvertown may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Builders have put forward a lawyer and I've obtained an estimate from them. They are almost £400 cheaper than my family Silvertown lawyer. Should I use them?
Housebuilders often have panels of lawyers who are quick and who know the seller’s contract and property lawyer. As many developers offer an inducement to use their approved conveyancer for this reason, any increased charges can be avoided and a builder won't put forward a conveyancing warehouse and run the risk of having the conveyancing stall when they need an exchange inside a month. The argument for not agreeing to use the suggested property lawyer is that they may be hesitant to 'push' your interests for fear of alienating the developer. Where you have concerns that this may be the situation you should keep with your local Silvertown solicitor.