The property market in Erith is hotting up. What can I do to expedite matters?
Where you are under time constraints to complete we would recommend that your conveyancer is familiar with the location as they will benefit local relationships and intelligence. It is possible that they would have handled otherproperties in the same street. You would be best advised to use a Erith conveyancing solicitor. In addition, check that the conveyancing firm is on the member panel. It is understood that nearly one in five of Erith conveyancing transactions are delayed or derailed after discovering a purchaser’s conveyancer was not on their mortgage lender’s panel. This can often result in the legal transfer of property being held up by almost three weeks. It is said that this issue impacts approximately 100,000 home moves annually. Most Erith conveyancing firms can not act for certain banks so do check as early as possible.
What does my ID and proof of funds have anything to do with my conveyancing in Erith? Why is this being asked of me?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the identification documents of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Terms of Engagement that you need to sign will no doubt confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to supply ID verification documents, your lawyer would not be able to accept instructions from you.
I have been told that property searches are the primary reason for hinderance in Erith house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Searches are unlikely to be the root cause of delay in conveyancing in Erith.
I used Action Conveyancing a few years past for my conveyancing in Erith. I now require my file however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Erith of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Just had an offer accepted on a new build flat in Erith. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Erith
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
What is the reason for my property lawyer requiring numerous items of ID ahead of starting my conveyancing in Erith?
Erith property lawyers are duty bound by the Law Society, SRA, the Land Registry and current AML legislation to record that the have checked the identity of their clients. It is also sometimes a condition of your mortgage offer. In addition they have to complete various forms, particularly those relating to SDLT and need to have information such as your full names, NI number and DOB.