Having been referred to your service we were going to go ahead with a conveyancing solicitor in Abbey Wood listed by you but stumbled across alternative quotes on the internet look cheaper – why is this?
There are numerous solicitors advertising supposedly cheap conveyancing, unfortunately it’s common in such cases for extracosts result in the closing invoice mounting up beyond all recognition. According to the Legal Ombudsman costs outlined in terms of business should be fair and reasonable and be applied The solicitors that we put forward for conveyancing in Abbey Wood genuinely set out all legal fees for the property you plan topurchase.
I am considering applying for a HSBC mortgage for purchase of a newly converted (under development) in Abbey Wood with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for HSBC ?
In theory, you could use a solicitor that is not on the HSBC conveyancing panel, but HSBC would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
My wife and I are buying a flat in Abbey Wood. I might seem paranoid but how we can trust a lawyer? At some point we have to put funds into their account. What is the protection we have from them run away with our monies?
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.
When it comes to lenders such as Aldermore, do Abbey Wood conveyancing practitioners face an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
Can you point me to a directory of Aldermore panel conveyancers in Abbey Wood on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of banks make their panel listings open the public over the internet. Where you are looking for a Abbey Wood property lawyer on the Aldermore please use our facility.
I got the keys to my apartment on 14 June and my personal details is not yet registered. Should I be concerned? My conveyancing solicitor in Abbey Wood advises it should be formalised inside ten days. Are transfers in Abbey Wood uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Abbey Wood registration formalities. Rather than based on location, timescales can differ depending on who lodges the application, whether there are errors and whether the Land registry need to notify any 3rd persons or bodies. Currently approximately 80% of submission are fully dealt with within 12 days but some can be subject to protracted hold-ups. Historically registration takes place once the buyer has moved in to the property thus 'speed' is not always an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one close by in Abbey Wood I like with amenity areas and station in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Abbey Wood suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
We're novice buyers - had an offer accepted, but the property agent told us that the owners will only go ahead if we appoint the agent's chosen solicitors as they need a ‘quick sale’. We would rather use a local solicitor used to conveyancing in Abbey Wood
We suspect that the owner is unaware of this requirement. If they desire ‘a quick sale', turning down a serious purchaser is counter productive. Bypass the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you will continue to appoint your own,trusted Abbey Wood conveyancing firm - as opposed tothose that will earn the estate agent a referral fee or achieve conveyancing figures set by corporate headquarters.