I am looking for value for money property lawyer. Do I opt for an internet conveyancer as opposed to a family Highbury conveyancing lawyer?
Established third party connections is an important consideration when choosing conveyancing lawyers. Highbury law firms enjoy connections with mortgage brokers and agents, local authorities, valuers and other conveyancing firms meaning the whole process is going to be much smoother for you. Having years of insight into the local area also helps too.
Me and my partner are about to complete buying a house in Highbury but as a consequence of wreckage from a small fire at the property I have was able negotiate compensation from the current proprietors in the sum of three thousand pounds by way of a reduction in the price. This was going to be dealt with as part of a side agreement yet Coventry BS will not agree to this. Should they have been informed?
Any lawyer being on a Coventry BS conveyancing panel is required to inform Coventry BS of any amendments to the sale price. If you prohibit your solicitor to notify the price change to Coventry BS then they would have to discontinue acting for you. In addition, Coventry BS and you would have to appoint a new solicitor for your conveyancing in Highbury.
I am buying a terraced house in Highbury. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Highbury you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Highbury.
It has been 2 months since my purchase conveyancing in Highbury took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Highbury is where the house is located. Is there any guidance you can give?
Flying freeholds in Highbury are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Highbury 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 Highbury may ascertain 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.