I am acquiring a property for cash in Shepherd's Bush. I have resided for the previous 20 years in Shepherd's Bush. Conveyancing searches are a lot of money. Given that I know the road and vicinity intimately must I have all the conveyancing searches?
Provided that you do not need a mortgage, then the vast majority of the Shepherd's Bush conveyancing searches are optional. Your conveyancer will try and sway you, perhaps strongly, that you should have searches done, but she has a professional duty to do this. Do consider; if you are going to sell the house one day, it could be of interest to your future buyer what the searches contain. There are plenty of instances where houses with day to day issues can still throw up negative search results. A good conveyancing solicitor in Shepherd's Bush should be able to give you some practical advice in this regard.
Can you clarify what the consequences are if my solicitor is expelled from the Principality Conveyancing panel ahead of completing my conveyancing in Shepherd's Bush?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
It has been 2 months since my purchase conveyancing in Shepherd's Bush concluded. 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 property 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 Shepherd's Bush differ for new build properties?
Most buyers of new build residence in Shepherd's Bush contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Shepherd's Bush tend to acquire the real estate, 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 used to new build conveyancing in Shepherd's Bush or who has acted in the same development.
Been reading online that Shepherd's Bush solicitors are more expensive than Shepherd's Bush conveyancers in Shepherd's Bush to use when buying a house. So is it better if I use a conveyancer or a solicitor where I am purchasing for my home move in Shepherd's Bush.
When it comes to conveyancing in Shepherd's Bush the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.