Souldinstructing a Chalk Farm conveyancing practitioner make the legal process smoother?
Existing third party relationships are another important factor to consider when appointing conveyancing solicitors. Chalk Farm conveyancers enjoy long term relationships with financial advisers and agents, local authorities, surveyors and other law firms meaning the whole process is going to be much more straightforward for you. Possessing years of intelligence of the local area also helps too.
As a first time buyer what is the most important piece of guidance you can give me concerning purchase conveyancing in Chalk Farm?
You may not hear this from too many lawyers but conveyancing in Chalk Farm or throughout England and Wales is an adversarial process. Put another way, when it comes to conveyancing there is plenty of room for confrontation between you and other parties involved in the legal transfer of property. For example, the vendor, estate agent and even potentially the lender. Choosing a solicitor for your conveyancing in Chalk Farm an important selection as your conveyancer is your adviser, and is the SOLE person in the process whose interest is to look after your legal interests and to protect you.
Every so often a potential adversary will attempt to persuade you that it is in your interests to do things their way. For instance, the property agent may claim to be helping by suggesting your conveyancer is wrong. Or your mortgage broker may tell you to do something that is against your conveyancers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
If you had a top tip for selecting a conveyancing solicitor in Chalk Farm what would it be?
Do not opt for the lowest Chalk Farm conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Is it the case that all Chalk Farm CQS (Conveyancing Quality Scheme) solicitors are on the Leeds Building Society conveyancing list of approved firms?
Some major lenders now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their panels.
I have a mortgage with Santander for my property in Chalk Farm. Conveyancing has been completed months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Santander?
Your original mortgage agreement with Santander will provide that you need their approval prior to renting your property as this is likely to be a breach of Santander’s mortgage conditions. In many cases banks or building societies will permit you to let 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 Santander directly. It should not be necessary to do this via a Santander conveyancing panel firm.
We are selling our home in Chalk Farm and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any local lawyer would know that there is no such problem. It does beg the question why the buyers used a factory type conveyancing firm rather than a conveyancing solicitor in Chalk Farm. We have lived in Chalk Farm for 5 years we know that this is a non issue. Should we contact our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
How does conveyancing in Chalk Farm differ for new build properties?
Most buyers of new build or newly converted property in Chalk Farm come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Chalk Farm usually purchase the land, 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 conveyancers 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 used to new build conveyancing in Chalk Farm or who has acted in the same development.
I am buying a property and require a conveyancing solicitor in Chalk Farm who is on the bank approved panel. Can you recommend a Chalk Farm or local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who do conveyancing in Chalk Farm. We dont recommend any particular conveyancing practice.