I am not well enough to travel far from West Croydon. Can you please spell out why all West Croydon property lawyers are not on all mortgage company panels?
Banks point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. This resulted in banks and building societies purging a number of firms off their official list of approved conveyancing practitioners .
I have given 2 months notice to my existing landlord and have to be out of my rented apartment in West Croydon by 11/6/2024. Conveyancing on my purchase is underway. Is it possible to complete in 4 weeks as I wish to avoid having to find temporary accommodation?
The normal practice is not to provide notice on a rental unless you have exchanged. If you have not previously done so, update to your lawyer and urge them to they chase the sellers side, try to get a realistic time scale from them that all parties will aim to achieve
Can I use your services to find a Conveyancing solicitor in West Croydon even if I’m not buying or selling a house, for instance where I intend to acquire a shop in West Croydon with a mortgage from Nottingham Building Society?
Our comparison service is primarily used to help choose residential conveyancing solicitors in West Croydon but we have listed towards the end of this page some West Croydon commercial conveyancing firms. You will need to enquire with the solicitors directly to see if they are also authorised to represent Nottingham Building Society
Me and my partner are purchasing a house in West Croydon. It might be a silly question but how we can trust a conveyancer? On the day of competition we have to send money into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We had instructed conveyancing lawyers with offices in West Croydon on the Clydesdale solicitor approved list. They have just invoiced me an additional charge for handling the Clydesdale mortgage. Is this a supplemental conveyancing fee specified by Clydesdale?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancing practitioner is entitled to charge a fee for this. This fee is not dictated by Clydesdale but by your West Croydon lawyer. Some firms on the Clydesdale panel will levy an ‘acting for lender’ fee and others do not.
My fiancee and I are at the point of looking at flats in West Croydon and I am now considering a potential offer. Should I already have a conveyancer in place at this point? I intend to finance via a mortgage with Yorkshire BS.
It would be wise to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are seeking a mortgage with Yorkshire BS, make sure you remember to check that your lawyer is on the Yorkshire BS conveyancing panel.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. West Croydon is where the house is located. Is there any guidance you can give?
Flying freeholds in West Croydon are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in West Croydon you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Croydon 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.
My brother has recommend that I use his lawyers for conveyancing in West Croydon. Should I choose my own property lawyer?
Much as we are happy to recommend a West Croydon conveyancing lawyer it’s preferable to choose a conveyancing lawyer is to seek recommendations from friends or relatives who have actually experience in using the solicitor you're are thinking of instructing.