In the event thatI were to buy a freehold propertyin Covent Garden mortgage fee and have no survey and no conveyancing searches how much would I expect to to save on my conveyancing in Covent Garden?
Any savings you would gain would be isolated to the costs for searches. Your solicitor is obliged to do the vast majority of work - money laundering, correspond with your sellers conveyancer, stamp duty submission, register the ownership etc. A slight saving might be made by not needing to register a mortgage however it won't be significant.
I am considering refinancing my house in Covent Garden, does my lawyer have to be on the Leeds Building Society Conveyancing panel?
In theory, you could use a solicitor that is not on the Leeds Building Society conveyancing panel, but Leeds Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
The deeds to our property are lost. The solicitors who handled the conveyancing in Covent Garden 10 years ago are no longer around. What are my options?
You no longer need to have the physical official documentation to evidence that you own the land or property, as the Land Registry have everything they need in a digital format.
I am looking for a leasehold apartment up to £235,500 and found one near me in Covent Garden I like with amenity areas and railway links in the vicinity, however it's only got 51 years on the lease. There is not much else in Covent Garden suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan the remaining unexpired lease term may be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you could 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 regarding this matter.
Do I need to be suspicious that brokers that I am dealing with are suggesting a web based conveyancing firm as opposed to a local Covent Garden conveyancing practice?
As is the case with many professional services, often referrals from relatives can be worth their weight in gold. Nevertheless there are numerous people with a vested interest in a conveyancing deal; estate agents, financial adviser and banks might all put forward lawyers to choose. Sometimes these lawyers might be known to one of the organisations as one of the best in their field, but sometimes there exists a financial incentive behind the recommendation. You have the discretion to choose your own lawyer. However, bear in mind that many mortgage providers specify a panel list of lawyers you have to use for the mortgage related work in your transaction.