Do conveyancers request an advanced payment for my conveyancing in Victoria Docks?
If you are buying a property in Victoria Docks your lawyer will ask you put them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the purchase price then this should be asked for immediately ahead of exchange of contracts. The final balance that is due should be sent to your lawyer shortly before completion.
Having spent time scouring consumer advice sites for an affordable lawyer in Victoria Docks, many advise that I should use a CQS accredited lawyer. What is CQS?
Victoria Docks Conveyancing Quality Scheme solicitors have obtained certification by the law Society CQS was established to establish evidence of quality standards in the in the legal transfer of properties. CQS helps home movers to recognise solicitor firms who provide a quality residential conveyancing. Victoria Docks is one of the many areas in England and Wales in which CQS are based. The conveyancing scheme obliges practices to undergo a strict assessment, compulsory training, self-certification, random audits and annual reviews in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Council of Mortgage Lenders.
2 months have gone by following my purchase conveyancing in Victoria Docks completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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.
I opted to have a survey carried out on a house in Victoria Docks prior to appointing lawyers. I have been told that there is a flying freehold element to the house. The surveyor has said that some banks will refuse to give a mortgage on such a home.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Victoria Docks. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm refinancing my existing home to a BTL mortgage with Barclays Direct and I will use the ballance of the raised equity as a deposit on further property. The area we are interested in is Victoria Docks. Will your conveyancers be able to act for the two banks and tie in the transactions?
Do use our comparison tool on this page to be sure that the solicitors are on the appropriate lender panels. Having checked that they are the solicitor will be able to simultaneously deal with the two deals but you should have a chat with you conveyancer and make apparent your desired outcome and needs.