I went with a East London based solicitor for our conveyancing in East London last week. Upon checking the official terms of business I noteI am on the hook for costs even where the transaction does not complete. Should I go with them or instruct a web based lawyer offering no-sale-no-fee conveyancing in East London?

It is usually a trade off in that if "No Completion No Fee" is offered then the fee levels will tend to be be more expensive to neutralise those transactions that abort. Also remember that such offerings generally do not protect you from expenses for example East London conveyancing search charges.

Is there a reason why leasehold purchase conveyancing in East London is more expensive?

East London leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

I decided to have a survey carried out on a house in East London before appointing lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies tend refuse to grant a mortgage on such a house.

It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in East London. Conveyancing may be slightly more expensive based on your lender's requirements.

Leasehold Conveyancing in East London - Examples of Queries Prior to buying

Who is in charge of the building? What is the service charge and ground rent on the flat? The best form of lease arrangement is where the freehold interest is in the ownership of the leaseholders. In this arrangement the leaseholders have being in charge if their destiny and even though a managing agent is often employed where it is bigger than a house conversion, the managing agent retained by the leaseholders.

We have been advised by many estate agents to expect up to two months for East London conveyancing to complete.This was 3 ago. The draft contract was only sent from the vendors last week so now does it countdown?

Don't rely on moving on a specific date until contracts are exchanged. Whatever assurances the people you are acquiring from or selling to make, or your financial adviser makes don't count on them. More stress is caused to clients trying to move home by unfulfilled assurances than any other factor when it comes to conveyancing in East London.