My friend's brother is a property lawyer. I suspect that I'll be able to get friends and family pricing for conveyancing, However if that does not come through, what kind of costs should I be paying for conveyancing in Mayfair?
You should compare pricing. Make use of our comparison tool on this page. You will notice that fees will be different but the service one can expect are distinct between solicitors as is the case with the vast majority of professional services.
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to appoint a Mayfair based conveyancing firm?
You should check but the the probability is that appoint one of their panel solicitors should you want the "fee-free" deal. Speak to the mortgage company and see if they offer you a cash alternative. Some banks have previously offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Mayfair.
is it true that all Mayfair solicitor firms on the Yorkshire BS conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Yorkshire BS approved list of solicitors they would need to be regulated by the SRA. The majority of banks do list licenced conveyancers on their panel and in that case the practice would be governed by the Council of Licensed Conveyancers.
Two weeks ago we had a mortgage agreed in principle with Yorkshire BS. Mayfair conveyancing solicitors are selected. What is the average time that one could expect to receive a mortgage offer from Yorkshire BS?
There is no definitive answer here. Have Yorkshire BS conducted the valuation? Have you advised Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I'm at the point of viewing apartments in Mayfair and I am now considering a potential offer. Is it advisable to have a conveyancing practitioner on ‘stand by’? I intend to finance via a mortgage with HSBC.
It would be wise to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. Given that you are seeking a mortgage with HSBC, make sure you remember to check that your lawyer is on the HSBC conveyancing panel.
Me and my brother own a terraced Victorian house in Mayfair. Conveyancing solicitor acted for me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the matching property. I thought I was buying a freehold how can I check?
You need to review 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 Mayfair and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing solicitor who carried out the work.
I'm buying a flat in Mayfair. I have found my conveyancer's company on the Law Society's list, but I can't find my conveyancer's name on the list. Is this a big problem?
Not every individual in the practice must be listed by the regulator. As long there is a manager qualified to 'oversee' the work, the actual day-to-day activity can be conducted by unqualified staff.