What is the first thing I need to know concerning purchase conveyancing in Elm Park?

Not many law firms or advisers will tell you this but conveyancing in Elm Park and elsewhere in London is often a confrontational experience. Put another way, when it comes to conveyancing there is lots of room for friction between you and other parties involved in the transaction. For example, the vendor, estate agent and on occasion the mortgage company. Selecting a solicitor for your conveyancing in Elm Park an important selection as your conveyancer is your adviser, and is the ONE party in the legal process whose responsibility is to look after your best interests and to protect you.

We are witnessing a definite ongoing adversarial element to conveyancing- someone must be at fault for the process taking so long. You must always trust your solicitor ahead of all other parties when it comes to the legal transfer of property.

Should my conveyancer be making enquiries concerning flooding during the conveyancing in Elm Park.

Flooding is a growing risk for conveyancers dealing with homes in Elm Park. There are those who buy a house in Elm Park, completely aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.

Conveyancers are not best placed to give advice on flood risk, but there are a number of searches that may be carried out by the buyer or on a buyer’s behalf which will figure out the risks in Elm Park. The conventional set of information supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a usual question of the seller to find out if the premises has suffered from flooding. In the event that flooding has previously occurred which is not disclosed by the owner, then a purchaser may commence a claim for damages as a result of such an incorrect answer. The buyer’s conveyancers may also conduct an environmental search. This should higlight whether there is a recorded flood risk. If so, further investigations should be made.

I have a terraced Victorian house in Elm Park. Conveyancing practitioner acted for me and Barclays . I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?

You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Elm Park and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing lawyer who conducted the conveyancing.

My company is planning to take over a lease of a shop on a shopping parade. Can you recommend lawyers offering no-move-no costs for non-domestic conveyancing in Elm Park for less than 1500k?

We can recommend firms who host a wealth of experience of commercial conveyancing in Elm Park, including the disposal and purchase of businesses as well as simply premises. If you are intending to acquire or lease a shop, pub, restaurant, office, retail unit or a complete business we can find you the right lawyer. As for the fees these will vary based on the structure and nuances of the deal. Please provide us with your contact information or phone so as to enable us to supply you with a detailed commercial conveyancing quote.

I have noted on numerous online forums that before selecting a conveyancing firm they must be approved by your mortgage company. This is my first home move but I have an AIP via Virgin Money and I already have a local conveyancing lawyer in Elm Park in place. Will HSBC insist on an approved solicitor to be selected? If so, where can I find that list so I can choose a conveyancing solicitor in Elm Park?

You should use a solicitor that is on the HSBC panel. Simply telephone your chosen Elm Park conveyancing lawyer and ask if they are on the HSBC panel. If they are not on the panel you have numerous choices available to you here:

• Complete the deal with your existing Elm Park solicitor but HSBC will no doubt instruct a conveyancer from their conveyancing panel. The net impact is additional fees and potential interruption.
• Get a new property lawyer to act in the purchase, ensuring that they are on the HSBC conveyancing panel.
• Convince your property lawyer to do everything possible to get accepted on the HSBC panel of solicitors.