What is the first thing I need to know about purchase conveyancing in Catford?
You may not hear this from too many lawyers but conveyancing in Catford or throughout South East London is often a confrontational experience. Put another way, when it comes to conveyancing there is lots of room for friction between you and others involved in the ownership transfer. E.g., the vendor, property agent and on occasion a lender. Appointing a law firm for your conveyancing in Catford should not be taken lightly as your conveyancer is your adviser, and is the ONLY person in the process whose role it is to act in your best interests and to keep you safe.
Sometimes a potential adversary will try and persuade you that you should follow their advice. As an example, the property agent may claim to be assisting by claiming that your lawyer is wrong. Or your financial adviser may advise you to do something that is contrary to your solicitors recommendation. You should always trust your lawyer above all other parties in the conveyancing process.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Catford. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 21/11/2020, the requirements read as follows :
Please help - my lawyer says that lack of right of way insurance is necessary on my purchase. What is the level of cover for Catford conveyancing?
The right level of lack of right of way indemnity insurance depends on your lender. It would differ for example between Yorkshire Building Society and Skipton Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
Is it the case that all Catford solicitors on the Nottingham conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nottingham conveyancing panel they would need to be regulated by the SRA. Many mortgage companies do list licenced conveyancers on their panel in which case such practice would be overseen by the Council of Licensed Conveyancers.
Planning on purchasing a maisonette in Catford. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Catford lawyer is on the Clydesdale conveyancing panel.
Is it necessary to pay for insurance to cover chancel repairs when acquiring a house in Catford?
Unless a previous purchase of the house took place after 12 October 2013 you may assume that solicitors delivering conveyancing in Catford to continue to propose a a chancel search and or chancel repair liability policy.
I'm buying my first flat in Catford with a mortgage from Birmingham Midshires. The builders would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not to tell my conveyancer about the extras as it will adversely affect my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
How do I locate a Catford solicitor on the Barclays Direct conveyancing panel? I have wheels and am prepared to travel upto 20miles to meet the lawyer.
You can use the facility on this website. Please choose the bank and your location and you will see a number of Catford conveyancing lawyers locally. We have listed some Catford conveyancing firms towards the end of this page and you can telephone them to verify if they are on the Barclays Direct panel