My IFA has requested my City Of London law firm’s panel member for the Nat West conveyancing panel. How do I discover this. I have e-mailed my local City Of London branch but they have not got back to me yet.

The sensible thing to do is ask for this information from your City Of London conveyancer . Most City Of London conveyancing practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.

How does conveyancing in City Of London differ for newly converted properties?

Most buyers of new build residence in City Of London approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because developers in City Of London typically purchase the site, 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 conveyancers 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 City Of London or who has acted in the same development.

What makes your site different to alternative web based conveyancing solicitors when it comes to conveyancing in City Of London?

At this site get a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in City Of London. Unlike many estate agents and brokerage sites we do not charge firms a fee if you appoint them for your conveyancing in City Of London

Looking forward to exchange soon on a leasehold property in City Of London. Conveyancing solicitors have said that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in City Of London should include some of the following:

It needs to be made clear to you whether the lease permits you to add or improve anything in the property- you should know whether it applies to all alterations or just structural alteration, and whether permission is required Additions to the premises The length of the lease term. You should receive guidance as what happens when the lease expires, and aware of the importance of the 80 year mark You need to be informed what is to be regarded as a Nuisance in the lease Does the lease require carpeting throughout thus preventing wood flooring?

City Of London Leasehold Conveyancing - A selection of Questions you should ask before Purchasing

How is the lease structured? The majority of City Of London leasehold apartments will have a service charge for the upkeep of the block levied by the landlord. Should you purchase the property you will have to meet this charge, usually periodically during the year. This may be anything from a couple of hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. In all likelihood there will be a ground rent for you to pay yearly, this is usually not a large sum, say around £25-£75 but you should to enquire it because occasionally it could be many hundreds of pounds. You should be aware that where the lease has no more than 80 years it will have adverse implications on the marketability of the apartment. It is worth checking with your bank that they are content with remaining years on the lease. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and you need to have some idea of how much this would cost. Remember, in most cases you will be required to have owned the residence for a couple of years in order to be eligible to extend the lease.

When it comes to my conveyancing in City Of London should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee

(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some City Of London conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the lawyer's time in submitting the funds this way.