The search facility on your site is of assistance but there are numerous listed lawyers carrying our conveyancing in Chinatown who can also act for the lender. Can you recommend a specific firm on the lender’s approved panel conducting conveyancing in Chinatown?
It is not this site’s intention to recommend specific firms as the right firm for you depends on where your priorities lie. For instance you may require a Chinatown firm with upgrade loc knowledge or you might be looking for the lowest cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice to gain confidence as to which one is right for you
How does conveyancing in Chinatown differ for new build properties?
Most buyers of new build premises in Chinatown approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is built. This is because house builders in Chinatown tend to buy 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 property lawyers 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 Chinatown or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Chinatown is where the house is located. What do you suggest?
Flying freeholds in Chinatown are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Chinatown you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chinatown 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 premises.