I can't travel far from Abbey Wood. Can you please clarify why all Abbey Wood lawyers are not on all bank panels?
As inequitable as it may appear for banks to restrict who can act for them, from the public’s or solicitor’s viewpoint, the the contrary view is that lending institutions are increasingly anxious and feel it essential to shield themselves from illegal activities. As a consequence of this concern mortgage companies have consolidated their panel of approved conveyancing lawyers to a manageable size.
We see that you have a post code search directory listing firms on the Yorkshire BS conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Abbey Wood?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Abbey Wood.
We hope to to purchase with Norwich and Peterborough Building Society. We have called around locally but am unable to find a Abbey Wood conveyancing firm on the Norwich and Peterborough Building Society approved list. Can you assist?
You should make the most of the search tool on this site. Please choose the lender and type Abbey Wood or your location and you will see a number of lawyer offices in Abbey Wood or by proximity to you.
When it comes to mortgage companies such as Co-operative, do Abbey Wood conveyancing practitioners incur a yearly amount to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I currently have a mortgage with Principality for my property in Abbey Wood. Conveyancing has been completed a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Principality?
You must advise Principality prior to letting out your property as this is likely to be a breach of Principality’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Principality directly. You need not do this via a Principality conveyancing panel solicitor.
UBS have agreed my mortgage in principle, my bid on a apartment in Abbey Wood has been accepted, what happens next?
The estate agent will want to know who your solicitors are (ensure that the conveyancers are on the lender’s approved list). Telephone UBS or your financial adviser and finalise any relevant paperwork. UBS will appoint a valuer who will get in touch with the selling agent or seller to book a slot for the valuation to take place. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. UBS will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Abbey Wood.
My colleague recommended that if I am buying in Abbey Wood I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Abbey Wood conveyancing searches. It is a large report of more than thirty pages, listing and setting out important information about Abbey Wood around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Abbey Wood Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Abbey Wood.
I used Arc property Solicitors several years past for my conveyancing in Abbey Wood. I now require my file however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing 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 Abbey Wood of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.