My wife and I are soon to exchange on the purchase of a property in Anerley but as a consequence of damage from some water damage at the property I have managed to agree reparation from the owner of £2k taking the form of a reduction in the price. I had intended this to be dealt with as part of a side agreement but Kent Reliance are not allowing this. Why were they notified?
Any property lawyer being on a Kent Reliance conveyancing panel is obliged to advise Kent Reliance of any amendments to the purchase price. If you prohibit your conveyancing practitioner to report the price change to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new conveyancing practitioner for your conveyancing in Anerley.
My apartment in Anerley is up for sale and I have a purchaser. Will my conveyancing practitioner have to be required to be on the Aldermore conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
Have just purchased a repossessed house at auction in Anerley. Conveyancing is necessary. What happens now?
Given that you are now legally committed yourself to purchase you must retain a conveyancing practitioner as a matter of urgency as you now have a fast approaching a fixed date to complete the transaction. Every auction property will ordinarily have a bespoke auction set of papers. This will likely include most,if not all of the paperwork that your solicitor requires. If you have purchased leasehold premises the conveyancing papers should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You must pass this on to the lawyer instructed by you as soon as possible. Do make sure that you have funds organised to complete the transaction on the set completion date.
After much negotiation I have agreed a price on an apartment in Anerley. My financial adviser recommended their conveyancers. I paid an on account payment of £175. A few days later, the solicitor called me to say that they were not on the Principality 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 Principality 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.
Our sealed bid on a property in Anerley has been accepted, the owners do nevertheless have a connected purchase. The sellers have offered on a flat, but it’s not yet agreed to, and are looking at other flats in the pipeline. I have selected a high street conveyancing solicitor in Anerley. What do I do now? When do I get the mortgage application with TSB started?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of one thousand pounds, then survey, Anerley conveyancing search costs, etc). First, you should check that your conveyancer is on the TSB approved list. As to the next steps this very much dictated by the circumstances of your transaction, attraction to this property and on the state of the market. In a rising market some purchasers would apply for a home loan with TSB and arrange for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to move forward with searches.
Are there restrictive covenants that are commonly identified as part of conveyancing in Anerley?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Anerley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I was advised by numerous selling agents in Anerley to get a quote from a property lawyer using your seach tool. What’s the financial upside for Estate Agents to promote your site ahead of another?
We refuse to give any commission for directing people to this site. We thought it would be too underhand to pay a commission as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
My lawyer in Anerley is asking me for proof of ID documents saying that this is part of his obligations as a conveyancer on the lender Conveyancing panel. Can you confirm whether this is the case?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the bank. This is not unique to conveyancing in Anerley