Me and my partner are purchasing a 1 bedroom flat in Brent Cross with a mortgage. We like our Brent Cross solicitor, but the mortgage company advise he's not on their "panel". We have to appoint one of the bank panel solicitors or keep our Brent Cross property lawyer and pay for one of their panel lawyers to act for them. We feel that this is inequitable; are we not able to demand that the mortgage company use our Brent Cross lawyer ?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Brent Cross conveyancing solicitor to apply to be on the conveyancing panel.
What does my ID and proof of funds have anything to do with my conveyancing in Brent Cross? What am I being asked for?
Brent Cross conveyancing solicitors and indeed property lawyers throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill no more than three months).
Evidence of source of monies is also necessary in accordance with the money laundering statutes as lawyers are duty bound to investigate that the monies you are using to buy a property (be it the exchange deposit or the total purchase monies if you are a cash purchaser) has come from an acceptable source (such as employment savings) and is not the product of criminal behaviour.
I am planning to move house in June. Should my conveyancing solicitor call the removal company on the day of completion. Incidentally, can you put forward a removal company in Brent Cross. Conveyancing firm was found prior to coming across your site.
On the day of completion you will need to collect the house keys from your selling agent however this can only occur once the previous owners solicitors advise the agent that they acknowledge receipt of the completion payment and the keys can be collected. Subsequently you should tell the removal company that they can start moving you in. We are not in a position to recommend a specific removal company but can assist you in finding a residential property solicitor in Brent Cross or a firm with expertise in conveyancing in Brent Cross.
I currently have a mortgage with Leeds Building Society for my property in Brent Cross. Conveyancing was finalised 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Leeds Building Society?
You must advise Leeds Building Society prior to letting out your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. It may be that Leeds Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. You need not do this via a Leeds Building Society conveyancing panel solicitor.
I have finally had an offer on a maisonette in Brent Cross accepted, but there is a chain. The sellers have placed an offer on a flat, but it’s not yet agreed to, and are looking at other apartments in the pipeline. I have instructed a nearby conveyancing solicitor in Brent Cross. What do I do now? At what point do I apply for the mortgage with RBS?
It is normal to have concerns 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, Brent Cross conveyancing search charges, etc). First, you should ensure that your solicitor is on the RBS approved list. Concerning the next stages this very much dictated by the uniqueness of your transaction, desire for the property and on the state of the market. In a hot market many purchasers will apply for a home loan with RBS and arrange for the valuation and only if it comes back ok would they pay their lawyer to move forward with searches.
I have justbecome aware that Action Conveyancing have been shut down. They carried out my conveyancing in Brent Cross for a purchase of a freehold house 10 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The easiest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Brent Cross conveyancing specialists.
I am looking into buying my first house which is in Brent Cross and I am already nervous. I couldn't find anything specific about Brent Cross. Conveyancing will be needed in due course but do you know about the Brent Cross area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Brent Cross. In the meantime here are some basic statistics that we found
Why can't I complete our conveyancing in Brent Cross on May bank holiday?
This is due to the fact that on completion the money needs to pass between the banks of the buyer and seller's property lawyer and at present this can only happen on a working day. So you can't complete on a weekend either.