IfI was to acquire a simple residential propertyin Addington for cash and have no survey and no conveyancing searches how much should I expect to have to pay for conveyancing in Addington?
Any savings you would achieve will be limited to the disbursement for searches. A property lawyer is required to do the vast majority of work - money laundering, liaising with the sellers conveyancing practitioner, SDLT return, register the property etc. You might save a bit for them not having to register a charge however it won't be significant.
We are buying a flat and require a conveyancing solicitor in Addington who is on the Lloyds conveyancing panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Lloyds . We don't recommend any particular firms conducting conveyancing in Addington.
How do I find out if the solicitor carrying out my conveyancing in Addington is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays Direct thus paying £175.00 in additional legal charges.
You should take advantage of the search tool on this page. Please choose the lender and type ‘Addington’ or your preferred area and you will be presented with a number of lawyer based in Addington or nearest you.
Will our conveyancer be raising questions regarding flooding during the conveyancing in Addington.
Flooding is a growing risk for lawyers specialising in conveyancing in Addington. Plenty of people will purchase a house in Addington, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Solicitors are not best placed to offer advice on flood risk, however there are a numerous searches that can be initiated by the buyer or on a buyer’s behalf which will figure out the risks in Addington. The standard property information forms supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the seller to find out if the property has suffered from flooding. If the residence has been flooded in past which is not revealed by the vendor, then a purchaser could bring a claim for damages resulting from an inaccurate response. A buyer’s lawyers should also order an enviro report. This should disclose whether there is any known flood risk. If so, more detailed inquiries will need to be made.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one round the corner in Addington I like with open areas and railway links nearby, however it's only got 61 remaining years left on the lease. There is not much else in Addington in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the shortness of the lease may be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.