The Blackfriars conveyancing firm that I appointed last week on my house acquisition in Blackfriars have without warning closed. I only went with them because I needed a solicitor on the RBS conveyancing panel and my family Blackfriars lawyer was not. I sent them a cheque for two hundred pounds in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the RBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
I need some expedited conveyancing in Blackfriars as I have an ultimatum to exchange contracts in less than 3 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are not taking a mortgage you have the choice not to do searches although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Blackfriars the following are instances of what can appear and adversely impact the marketability of the property: Enforcement Notices, Outstanding Charges, Overdue Grants, Road Schemes,...
I'm buying my first flat in Blackfriars with a mortgage from Accord Mortgages Ltd. The sellers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not disclose to my conveyancer about the side-deal as it may affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the guidance of my in-laws I had a survey completed on a house in Blackfriars prior to retaining conveyancers. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some lenders may not grant a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Nationwide. If you contact us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Blackfriars. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to appoint a conveyancing solicitor for sale conveyancing in Blackfriars. I have stumble across a site which seems to have the ideal solution If it is possible to get all this stuff done via email that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My brother-in-law has suggested I instruct a conveyancing solicitor in Blackfriars. I need to find out if they are on the bank's approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should call the lawyer and ask them if they are on the bank's panel. Alternatively please call us and we can make some checks for you. If they are not on the lender panel we can certainly arrange a reputable conveyancing solicitor in Blackfriars on the approved list for your mortgage company.