We were about to choose a conveyancing solicitor in Walthamstow recommended by you but stumbled across alternative quotes via the web appear less expensive – why is this?
You can find a variety of conveyancing companies advertising theoretically looks to be very low prices. We suggest that you think twice about how much you respect your own move to want to take 'cheap' risks over the standard of the conveyancing. Many of them highlight a cheap quote to tempt you but bury additional charges in the small print..
I am considering applying for a Yorkshire BS mortgage for purchase of a newly converted (under development) in Walthamstow with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Yorkshire BS ?
In theory, you could use a solicitor that is not on the Yorkshire BS conveyancing panel, but Yorkshire BS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Please help - my lawyer advises that flying freehold insurance is needed on my purchase. What is the level of cover for Walthamstow conveyancing?
The right level of flying freehold indemnity insurance depends on who your lender is. It would differ for example between National Westminster Bank and Chelsea Building Society. Conveyancing practitioners as opposed to borrowers take out such insurances.
My partner and I are spending time looking at houses in Walthamstow and I am now considering a potential offer. Is it premature to have a solicitor in place? I intend to finance via a home loan with Co-operative.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are getting a mortgage with Co-operative, ask your prospective lawyers if they are on the Co-operative conveyancing panel otherwise they can't do the mortgage legal work.
I recently had an offer accepted on an apartment in Walthamstow. My financial adviser suggested a solicitor. I paid an on account payment of £175. Not long after, the conveyancing practitioner called me to say that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I need some expedited conveyancing in Walthamstow as I am under a deadline to complete inside 3 weeks. Thankfully I do not require a mortgage. Can I decline from having conveyancing searches to save money and time?
As you are are a mortgage free buyer you have the choice not to do searches although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Walthamstow the following are examples of issues that can show up and adversely affect the marketability of the property: Enforcement Notices, Overdue Fees, Outstanding Grants, Unadopted Roads,...
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Walthamstow is the location of the property. Can you shed any light on this issue?
Flying freeholds in Walthamstow are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Walthamstow you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Walthamstow may determine 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 residence.