My family solicitor has given a fee estimate £1700 for no sale no fee conveyancing in Bow. I’m hoping to sell a Victorian detached home for £225,000. This appears expensive. Is it above what I should be paying for conveyancing in Bow?
The quote is slightly on the high side. If you shop around you could get the conveyancing a bit cheaper by say £100 plus VAT. That being said, you couldcome to rue choosing an an unknown conveyancer. Remember to ensure the solicitor can also act for your mortgage company. Do use our comparison tool to find a Bow conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Bow.
We are hoping to buy a 1 bedroom apartment in Bow with a homeloan from Virgin Money.We use our Bow conveyancing practitioner but Virgin Money says her practice is not on their "panel". We have to appoint a Virgin Money panel lawyer or keep our local solicitor and pay for one of their panel ones to act for them. This seems very unfair; is there anything we can do?
No, not really. The loan offered to you is subject to its terms and conditions, a common one being that conveyancers must be on the Virgin Money solicitor panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Virgin Money
How does conveyancing in Bow differ for new build properties?
Most buyers of new build or newly converted property in Bow approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Bow typically 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 conveyancing solicitors 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 Bow or who has acted in the same development.
How easy is it to switch conveyancer as I need to instruct a firm on the Britannia conveyancing list. I had appointed a family conveyancing solicitor in Bow five minutes from me but the firm is not approved by Britannia
It would be our pleasure to help you find a conveyancing solicitor in Bow on the Britannia panel. Please note that the property lawyers that we on the directory do not pay us commission if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Bow. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Bow.
I need to instruct a conveyancing practitioner in Bow for my house move. Can I review a solicitor's complaints history with the legal regulator?
Members of the public may see published Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after Jan 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training reasons.