Please explain the implications if my lawyer’s firm is suspended from the Barclays Solicitor panel ahead of completing my conveyancing in Balham?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
A friend advised me that in purchasing a property in Balham there could be various restrictions preventing external changes to a property. Is this right?
There are a number of properties in Balham which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Balham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have been advised by my lawyer that flying freehold insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Balham?
The appropriate level of flying freehold indemnity insurance should be dictated by who your lender. It would differ for example between HSBC Bank and The Royal Bank of Scotland. Conveyancing solicitors as opposed to borrowers take out such policies.
Our sealed bid on a semi in Balham has been accepted, the vendors do nevertheless have a connected purchase. The vendors have offered on on an apartment, however it’s not been accepted yet, and are looking at other properties booked. I have selected a high street conveyancing solicitor in Balham. What should be my next step? At what stage should I apply for the mortgage with Aldermore?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then valuation, Balham conveyancing search charges, etc). First, you must check that your conveyancer is on the Aldermore approved list. As to the subsequent stages this very much depends on the circumstances of your case, attraction to this property and on the state of the market. During a rising market some home buyers will apply for a home loan with Aldermore and pay for the valuation and only if it comes back ok would they request their conveyancer to move forward with the conveyancing in Balham.
Various online forums that I have frequented warn that are the primary reason for obstruction in Balham house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the common causes of delays in the conveyancing process. Searches are not likely to be the root cause of holding up conveyancing in Balham.
I decided to have a survey completed on a property in Balham in advance of instructing solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some lenders may refuse to give a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you contact us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Balham. Conveyancing will be smoother if you use a solicitor in Balham especially if they regularly deal with such properties in Balham.
Is it possible to change firm as I need to choose one who is on the Yorkshire Building Society conveyancing panel. I hired a family conveyancing solicitor in Balham five minutes from me but he is not approved by Yorkshire Building Society
We will our best to assist in finding you a conveyancing solicitor in Balham on the Yorkshire Building Society panel. Please note that the law firms that we on the directory do not pay us fee if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Balham. In utilising search facility on this website, you can scrutinise charges for conveyancing solicitors in Balham and beyond.
My conveyancing in Balham is completing this Friday, however the sellers I am purchasing off wishes to move out on the Saturday PM. Should I agree to such a idea?
It is not possible to complete on a Saturday because the bank systems are not operational.