We note that you have a search directory listing law firms on the conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in High Holborn?
We are a listing service only for law firms wishing to communicate if they are on the conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in High Holborn.
My home in High Holborn is up for sale and I have accepted an offer. Will my need to be required to be on the conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
Should I be wary about estate agents that I am dealing with are encouraging me to use an online conveyancing firm rather than a local High Holborn conveyancing firm?
As is the case with many professional services, often suggestions from connections can be worth their weight in gold. But there are numerous people with a keen interest in a conveyancing deal; estate agents, financial adviser and mortgage companies might all suggest lawyers to retain. Sometimes the lawyers might be known to one of the organisations as being good in their field, but occasionally there is an underlying commercial relationship behind the endorsement. You have the right to select your preferred lawyer. You need to be aware that some lenders have an approved list of lawyers you must use for the mortgage related work in your conveyancing.
I am the registered owner of a 2 bed flat in High Holborn, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in High Holborn with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £45 yearly. The lease ends on 21st October 50
You have 50 years remaining on your lease we estimate the premium for your lease extension to span between £36,100 and £41,800 as well as professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.
Our conveyancing solicitor in High Holborn is asking me for ID documents asserting that this forms part of his requirements as a conveyancer on the lender Conveyancing panel. Am I being spun a yarn?
Anti-terror and anti-money-laundering rules require High Holborn conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the bank's UK Finance Lenders’ Handbook requirements