Our family solicitor has sent a quote for £1350 for freehold conveyancing in Woodcote. I am looking to sell a purpose built property for £125,000. This sounds overpriced. Is it above what I should be paying for conveyancing in Woodcote?
The estimate does seem a tad overpriced. If you shop around you may be able to get the conveyancing a bit cheaper by as much as £125. That being said, you maylive to regret opting for an a cheaper lawyer. Remember to enquire that the firm can represent your lender. Do employ our comparison tool to find a Woodcote conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Woodcote.
It has been 4 months since my purchase conveyancing in Woodcote took place. I have checked the Land Registry site 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 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 Woodcote differ for newly converted properties?
Most buyers of new build residence in Woodcote come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is built. This is because house builders in Woodcote tend to purchase 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 Woodcote or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Woodcote is the location of the property. Can you shed any light on this issue?
Flying freeholds in Woodcote are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Woodcote you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodcote 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 premises.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.