My fiance and I are planning to acquire a home in Chingford and have instructed a Chingford conveyancing firm. Within the past 48 hours our property lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Barclays Direct have this morning contacted us to inform me that there is now an issue as our Chingford solicitor is not on their conveyancing panel. Is this a problem?
When purchasing a property with mortgage finance it is usual for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Chingford lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
I have given 8 weeks notice to my existing landlord and must be out of my rented property in Chingford by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in three weeks as don't want to have to find short term accommodation?
Generally one should not give notice for your letting unless exchange of contracts has taken place. If you have not previously done so, update to your solicitor and request that they seek the assistance the owners lawyers, try to get a realistic time scale from them that everyone will work towards
We note that you have a post code search directory listing firms on the Barclays conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Chingford?
We are a listing service only for law firms wishing to communicate if they are on the Barclays conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Chingford.
We just had an offer accepted to purchase with Norwich and Peterborough Building Society. I called into a few high street firms yet cant to find a Chingford conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you assist?
You should take advantage of the search tool on this page. Please choose the mortgage company and type Chingford or your preferred area and you will be presented with a number of lawyer located in Chingford or near you.
I am buying a new build apartment in Chingford. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Chingford
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am looking for a leasehold apartment up to £195,000 and identified one near me in Chingford I like with open areas and railway links in the vicinity, however it's only got 52 years unexpired on the lease. I can't really find anything else in Chingford suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage the shortness of the lease may be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.