I am in the throes of transferring my current homeowner loan to a Buy to Let Platform Home Loans Ltd mortgage. I was told by my mortgage that I must appoint a conveyancer for this. I got in contact with my previous Camberwell conveyancing practitioner who acted on my behalf when I originally purchased the house. The fee calculation e-mailed to me of £500 has surprised me as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The estimate does seem a tad on the high side. If you are content to expend time scrutinising costs you could get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, if you were content with the service the firm offered you mightlive to regret opting for an an unknown conveyancer. Don't forget to enquire that the solicitor can act for Platform Home Loans Ltd. You can use our search tool to locate a Camberwell conveyancing firm on the Platform Home Loans Ltd member panel, which can often include conveyancing solicitors in Camberwell.
Can you recommend a HSBC Bank approved Camberwell conveyancing practice finish our home move within less than a month? Am I best advised to go for a high street Camberwell conveyancer or a web based conveyancer?
We can recommend some very good Camberwell conveyancing firms. Another option is to visit the high street in Camberwell. Visit a couple of law practices and ask to speak with a conveyancing solicitor for a fee estimate. Discuss your deadline together with the reasons and get an assurance on your deadline. Select the one that you trust.
In what way does my ID and proof of funds have anything to do with my conveyancing in Camberwell? Why is this being asked of me?
Camberwell conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to verify the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement no more than three months).
Evidence of the origin of funds is also necessary in accordance with the money laundering laws as lawyers are required to check that the monies you are using to acquire a property (be it the exchange deposit or the full purchase price where you are a cash purchaser) has originated from a reputable source (such as an inheritance) and is not the proceeds of illegitimate activity.
We're in Camberwell, FTBs buying with a mortgage (lender is Coventry BS , and our solicitor is on the Coventry BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
A colleague advised me that in purchasing a property in Camberwell there may be various restrictions limiting what one can do in terms of external alterations to the property. Is this right?
We are aware of anumerous of properties in Camberwell which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Camberwell should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
The formalities of my purchase has taken place for my property in Camberwell. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I was told four weeks ago that my mortgage has been agreed to by HSBC. Is it usual for HSBC to only issue the offer once my solicitor in Camberwell is approved on their conveyancing panel? HSBC have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for HSBC to deal with your lawyer's application to be on the HSBC conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Camberwell differ for newly converted properties?
Most buyers of new build residence in Camberwell approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in Camberwell tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Camberwell or who has acted in the same development.