We are acquiring a brand new apartment in Blackheath and my lawyer is telling me that she is duty bound to the bank to reveal incentives from the developer. I am on a tight deadline to exchange and I would rather not prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My grandfather passed away last year and as sole heir and executor I was left the house in Blackheath. The house had a small mortgage remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Clydesdale, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then Clydesdale will require that you use a conveyancer on the Clydesdale conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Clydesdale conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Clydesdale mortgage is registered as a charge at the Land Registry.
Various internet forums that I have come across warn that are a common reason for hinderance in Blackheath house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in Blackheath.
How do I use your search facility to locate a conveyancing lawyer in Blackheath on the panel for my mortgage?
Step one is to choose a lender such as Lloyds TSB Bank, Norwich and Peterborough Building Society or Bank of Ireland then type in your location for instance Blackheath. Conveyancing organisations in Blackheath and beyond should be shown.
As co-executor for the will of my aunt I am disposing of a property in Neath but I am based in Blackheath. My lawyer (who is 300 miles from meneeds me to sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing solicitor in Blackheath to witness this legal document for me?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are located in Blackheath
Why do I have to send my conveyancer with a list of items of ID ahead of starting selling or purchasing a property in Blackheath?
Blackheath conveyancers are duty bound by the Law Society, Solicitors Regulation Authority, HMLR and current AML legislation to certify that the have checked the identity of their clients. It is also sometimes a condition of your lender where you are taking a mortgage. In addition they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, NI number and DOB.