It has come to my attention via my mortgage broker that my Chiswick lawyer is not on the bank Solicitor panel. How can I be sure that this is correct?
Your first step should be to contact your Chiswick conveyancer. You lawyer should notify you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
We are purchasing a new build apartment in Chiswick and my solicitor is telling me that she has to the mortgage company to disclose incentives from the developer. I am nearing the developer’s deadline to exchange and I don't want to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
There is lots of information on this site regarding conveyancing in Chiswick but can you isolate your top tip for finding the right conveyancer in Chiswick
We would encourage you not to go for the lowest Chiswick conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
When it comes to mortgage companies such as Virgin Money, do Chiswick solicitors face an annual charge to be on the list of approved solicitors?
We are unaware of any lender fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
I recently had an offer agreed on a house in Chiswick. My financial adviser suggested a conveyancer. I paid an advanced payment of £200. Not long after, the conveyancing practitioner contacted me sheepishly admitting that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Do commercial conveyancing searches disclose planned roadworks that may affect a commercial premises in Chiswick?
Many commercial conveyancing solicitors in Chiswick will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Chiswick. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chiswick.
For each commercial conveyancing transaction in Chiswick it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Chiswick commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Chiswick.
I have been on the look out for a leasehold apartment up to £235,500 and identified one round the corner in Chiswick I like with open areas and station in the vicinity, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Chiswick for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the shortness of the lease will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
I need to retain a conveyancing solicitor for residential conveyancing in Chiswick. I happened to stumble across a site which seems to have the perfect answer If there is a chance to get all formalities done via email that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?