I opted for a Penge based firm for my conveyancing in Penge today. Reviewing the Terms and Conditions it is apparent thatI am on the hook for fees even if our purchase aborts. Should I ditch them and use an internet lawyer promising no completion no cost conveyancing in Penge?
It is usually ‘give and take’ in that if "No Completion No Fee" is offered then the conveyancing charges will generally be uplifted to neutralise those transactions that do not go ahead. You should be mindful that such offerings rarely cover disbursements such as Penge conveyancing search expenses.
I am purchasing a house for cash in Penge. I have resided for the previous Seventeen years in Penge. Conveyancing searches are exorbitant. As I have knowledge of the road and vicinity intimately must I have all the conveyancing searches?
If you not getting a mortgage, then the vast majority of the Penge conveyancing searches are at your discretion. Your lawyer will 'advise', no-doubt strongly, that you should have searches done, but she has a professional duty to take that path of advice. One thing to bear in mind; if you are likely to dispose of the house at a future date, it will likely be be of interest to your future buyer what the searches determine. On occasion premises with functional issues can still reveal unfavourable search results. A good conveyancing solicitor in Penge should be able to give you some practical guidance concerning this.
2 months have elapsed following my purchase conveyancing in Penge concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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.
Is it best to go with a Penge conveyancing solicitor in close proximity to the house I am hoping to buy? We have a good friend who can deal with the legal formalities but his firm is located approximately 350kilometers away.
The benefit of a local Penge conveyancing practice is that you can attend the office to execute paperwork, deliver your ID and pester them where appropriate. They will also have local intelligence which is a plus. That being said it's more important to get someone that will do a good and efficient job. If you know people who used your friend and on the whole were content that should surpass using an unknown Penge conveyancing solicitor solely due to them being based in the area.
Our financial adviser has suggested using their lawyer for my conveyancing in Penge - won’t it be advisable to just use them?
It is not always the case and you are entitled to use whichever property lawyer you prefer for your Penge conveyancing. The conveyancing practitioner put forward by an estate agent may not always be the best lawyer, they may suggest their preferred conveyancing firm who are based far away. In this instance you may not have contact with your solicitor and due to the lack of continuity in the transaction, it may be difficult to obtain updates.