I require quick conveyancing in City Of London as I have pressure to exchange contracts inside one month. A home loan is not required. Is it possible to decline from having conveyancing searches to save money and time?

If.Given you are are a mortgage free purchaser you have the choice not to have searches conducted although no lawyer would recommend that you don't. With lots of history conveyancing in City Of London the following are instances of what can crop up and adversely impact the marketability of the property: Enforcement Notices, Overdue Fees, Outstanding Grants, Unadopted Roads,...

I have justbeen informed that Arc property Solicitors have been shut down. They carried out my conveyancing in City Of London for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is in my name in the name of the previous owner?

The quickest method to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of City Of London conveyancing specialists.

I am purchasing a new build house in City Of London with a mortgage from Barnsley Building Society. The sellers refused to move on the price so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not inform my lawyer about the deal as it will impact my loan with the bank. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Are there any apps to help locate a City Of London law firm on the The Royal Bank of Scotland conveyancing panel? I have a car and am willing to travel upto 10miles to meet the solicitor.

You can use the tool on this page. Please select a mortgage company and your location and you will see a number of City Of London conveyancing lawyers based on proximity. We have listed some City Of London conveyancing firms at the bottom of this page and you can ring them to see whether they are on the The Royal Bank of Scotland member panel

Last September I purchased a leasehold property in City Of London. Am I liable to pay service charges relating to a period prior to my ownership?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

City Of London Leasehold Conveyancing - Examples of Questions you should ask before Purchasing

Many City Of London leasehold apartments will have a service charge for the upkeep of the block levied by the freeholder. If you purchase the apartment you will have to meet this charge, normally quarterly during the year. This may vary from two or three hundred pounds to thousands of pounds for bigger purpose-built buildings. In all probability there will be a rentcharge to be met yearly, ordinarily this is not a significant figure, say about £50-£100 but you should to check as occasionally it can be many hundreds of pounds. Is there a share of the freehold? Are any of leasehold owners in arrears of their service charge payments?