We note that you have a post code search directory listing solicitors on the Co-operative conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Honor Oak?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Honor Oak.
What is the optimum way to check that the solicitor carrying out my conveyancing in Honor Oak is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for The Royal Bank of Scotland thus paying £175.00 in additional conveyancing fees.
You should take advantage of the find a lender approved solicitor tool on this page. Pick the lender and type ‘Honor Oak’ or your preferred area and you will be presented with a number of lawyer located in Honor Oak or near you.
It has been 3 months since my purchase conveyancing in Honor Oak took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 Honor Oak differ for newly converted properties?
Most buyers of new build or newly converted property in Honor Oak contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Honor Oak usually purchase the site, 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 Honor Oak or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a straight forward, no chain conveyancing. Honor Oak is where the house is located. What do you suggest?
Flying freeholds in Honor Oak are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Honor Oak you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Honor Oak may decide 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.