It may have been a long time coming a mortgage offer from HSBC for the remortgage of my 4 room flat is expected within the next few days. Are you able to recommend a low cost conveyancing law firm in London?
This site is not designed to help those in their quest for cut-price fees for conveyancing solicitors in London. Our aim is to provide affordable conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing brokers offering the bait of ninety nine pound conveyancing in London. The optimum result, in choosing a lawyer for low cost conveyancing, you will get your money’s worth and at worst it will result in you invoiced for additional fees and still not end up with the service required.
I am due to complete on the purchase of a property in London but as a result of damage from the recent storms I have managed to agree reparation from the seller of £3k taking the form of a deduction in the price. I had intended this to be addressed as part of amending the contract however Leeds Building Society are not allowing this. Should they have been notified?
Your conveyancer that is on the Leeds Building Society conveyancing panel is duty bound to disclose to Leeds Building Society of any changes to the sale price. If you were to refuse your conveyancing practitioner to notify the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new solicitor for your conveyancing in London.
I am being told by my conveyancer that breach of easement insurance is required on my purchase. What is the level of cover for London conveyancing?
The right level of breach of easement indemnity insurance depends on who your lender is. It would differ for example between Santander and Norwich and Peterborough Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
I am buying a property in London. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nationwide be concerned?
Given that your lender is Nationwide your lawyer must comply with the formal instructions outlined in Part 2 of UK Finance Lenders’ Handbook for Nationwide. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and solicitors are required to report to Nationwide where a lease does not meet these requirements. The conditions relate to the installation of panels on properties countrywide and is not restricted to London.
I have paid off my mortgage with Lloyds. I assume I don't need a London property lawyer on the Lloyds panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Lloyds mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Lloyds mortgage from the register. Lloyds, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Lloyds has sent the Land Registry the discharge electronically, and
- Lloyds has instructed the Land Registry to do so
I am using a search engine for the phrase cheap conveyancing in London it shows results of many property lawyersin the vicinity. How do I determine which is the right solicitor for me?
The best method of choosing a suitable conveyancer is through a trusted testimonial, so seek the counsel of colleagues and family who have bought a property in London or the local estate agent or mortgage broker. Fees for conveyancing in London vary, so it's a good idea to request at least three fee estimates from varying types of companies. Make sure that you know that the fees are fixed.
Should I cancel the direct debit for my mortgage with Aldermore as soon as a completion date for my home sale in London has been agreed?
No, you should maintain meeting any mortgage payments to Aldermore until the mortgage is redeemed from the proceeds of sale as part of your London conveyancing.