I just acquired a flat at auction in City Of London. Conveyancing is required. What is next?

Having for in every practical sense signed on the dotted line you must appoint a conveyancing lawyer as a matter of priority as you will have a tight a drop dead date to complete the property. All auction property will ordinarily have a bespoke auction pack. This will include evidence of title and search results. Where you are dealing with leasehold premises the legal papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You need to give this to the solicitor instructed by you ASAP. Do make sure that that you have the requisite funding organised to complete the transaction on the set completion date.

About to purchase flat in City Of London. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the City Of London is on the conveyancing panel.

have agreed my home loan in principle, my offer on a flat in City Of London has been accepted, what happens next?

Your property agent will need to know who your solicitors are (ensure that the are on the bank’s panel). Telephone or the broker and finalise any outstanding documentation. will appoint a valuer who will get in contact with the estate agent or owners to schedule a slot for the valuation to happen. Once conducted (assuming no problems) it takes on average a fortnight to get a mortgage offer. will issue the offer to you and your . The transaction will then take it’s course according the nature and complexity of the conveyancing in City Of London.

Should our solicitor be asking questions about flooding as part of the conveyancing in City Of London.

The risk of flooding is if increasing concern for lawyers dealing with homes in City Of London. Plenty of people will acquire a property in City Of London, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.

Solicitors are not qualified to offer advice on flood risk, however there are a number of checks that may be undertaken by the purchaser or by their solicitors which should give them a better appreciation of the risks in City Of London. The standard information sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the vendor to find out if the property has suffered from flooding. If flooding has previously occurred which is not notified by the seller, then a buyer could commence a compensation claim stemming from an incorrect reply. A buyer’s lawyers may also conduct an enviro search. This should higlight if there is a recorded flood risk. If so, further investigations will need to be carried out.

Due to the encouragement of my in-laws I had a survey completed on a property in City Of London before appointing lawyers. I have been informed that there is a flying freehold element to the house. The surveyor has said that some mortgage companies will not issue a loan on this type of premises.

It varies from the lender to lender. Santander has different requirements from Nationwide. If you call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in City Of London. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in City Of London to see if the conveyancing will be more expensive.

I need to instruct a conveyancing lawyer in City Of London for my house move. Can I review a solicitor's complaints history with the legal regulator?

One may find published Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The SRA sometimes recorded call for training purposes.

I have noted on numerous consumer advice websites that before selecting a conveyancing lawyer they need approved by your bank. I am novice purchaser but I have an offer in principle from Birmingham Midhshires and I already have a high street conveyancing lawyer in City Of London on standby. Will Virgin Money insist on an approved lawyer to be used? If so, where do I find that list so I can appoint a conveyancing solicitor in City Of London?

You need to use a solicitor that is on the Virgin Money panel. Just call your chosen City Of London conveyancing lawyer to check if they are on the Virgin Money panel. If they are not approved you have a couple of options open to you here:

• Carry on with your chosen City Of London but Virgin Money will undoubtedly instruct a on their conveyancing panel. This will result in additional charges together with probable interruption.
• Appoint a new to conduct the conveyancing, obviously checking they are on the Virgin Money conveyancing panel.
• Appeal to your to apply to join the bank panel.