Willretaining a Camberwell conveyancing lawyer make the legal process smoother?
On the whole conveyancing practitioners in your area will have strong alliances with your local authority, which can assist with the Camberwell conveyancing searches that your conveyancer will need to carry out. It can only be a plus if they have strong relationships with the Local Land Registry Office your area Camberwell, other property lawyers in the area and Camberwell property agents.
I am getting closer to an exchange on a property in Camberwell and my mum and dad have sent the exchange deposit to my conveyancer. I am now told that as the deposit has been received from someone other than me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your conveyancing practitioner is legally required to clarify with lender to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
It is is a decade since I bought my home in Camberwell. Conveyancing solicitors have just been instructed on the sale but I can't locate the deeds. Is this a major issue?
You need not be too concerned. First there is a possibility that the deeds will be kept by your lender or they could be archived with the solicitor who acted in your purchase. Secondly the chances are that the title will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. Most conveyancing in Camberwell involves registered property but in the unlikely event that your home is unregistered it is more of a problem but is not insurmountable.
This question may be naive but I am new to the home buying as a 1st time purchaser of a ground floor flat in Camberwell. Do I collect the keys to the house on completion from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Camberwell?
On the day of completion you will not be required to go to the conveyancers office in Camberwell. Conveyancing lawyers for you will transfer the purchase money to the seller's lawyers, and shortly after the monies have arrived, you should be able to receive the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
Can you help - my lawyer says that lack of right of way insurance is necessary on my purchase. What is the level of cover for Camberwell conveyancing?
The right level of lack of right of way indemnity insurance depends on who your lender is. It would differ for example between Accord Mortgages Ltd and Skipton Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
I had a mortgage agreed in principle with Coventry BS. Camberwell conveyancing solicitors have been chosen. How long does it take for Coventry BS to issue the offer to the lawyer?
There is no definitive answer here. Have Coventry BS done the valuation? Have you advised Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a property in Camberwell?
Unless a prior purchase of the house completed after 12 October 2013 you could take it that solicitors handling conveyancing in Camberwell to continue to advocate a chancel search and or insurance against a claim.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Camberwell is the location of the property. What do you suggest?
Flying freeholds in Camberwell are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Camberwell you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Camberwell may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.