My best friend’s step-father is a property lawyer. I am hopeful that I will be offered friends and family fee for conveyancing, but if not, what level of figure would I typically be looking at for conveyancing in Norwich?
It’s sensible to seek 3 or more like-for-like conveyancing quotes. Do use our comparison tool on this site. You will notice that quotes will vary but the service one can expect are distinct between property lawyers as is the case with most professions.
We wanted to use a property lawyer in Norwich for our house move. Our financial adviser has since notified us that our bank HSBC Bank won't deal with them. Why is this not regarded as unfair competition?
Lenders ordinarily restrict either the category or the amount of conveyancing firms on their member panel. Typical examples of such restriction(s) being that a firm must not be a sole practitioner. As well as restricting the type of firm, a few lenders have limited the number of solicitor practices they use to represent them. Be aware that HSBC Bank have no responsibility for the quality of advice provided by any member of HSBC Bank Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of conveyancing panels a few years ago even though there are mixed opinions concerning the level of solicitor engagement in some of that fraud. Data from the Land Registry reveal that thousands of law firms, including some in or near Norwich only perform very few conveyances a year.
3 months have elapsed since my purchase conveyancing in Norwich took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Norwich differ for newly converted properties?
Most buyers of new build residence in Norwich come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Norwich usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Norwich or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what should have been a simple, chain free conveyancing. Norwich is where the house is located. Can you offer any opinion?
Flying freeholds in Norwich are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Norwich you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Norwich may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.