I am not in a position to travel far from Chingford. I would like to know the understand why all Chingford conveyancers aren't included on all bank panels?
As inequitable as it may seem for mortgage companies to limit who can represent them, from the public’s or conveyancer’s perspective, the the contrary view is that mortgage companies are becoming ever more anxious and regard it necessary to defend themselves from mortgage fraud. As a consequence of this concern mortgage companies are limiting their conveyancing panel to a manageable size.
It is a dozen years since I acquired my house in Chingford. Conveyancing solicitors have now been appointed on the sale but I can't track down the title documents. Is this a major issue?
You need not be too concerned. First the deeds may be retained by your lender or they may be in the possession of the conveyancers who handled the purchase. Secondly the likelihood is that the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Almost all conveyancing in Chingford relates to registered property but in the unlikely event that your property is not registered it is more tricky but is not insurmountable.
My fiance and I intend to purchase a newbuild apartment in Chingford with a mortgage from Platform Home Loans Ltd.We like our Chingford conveyancing practitioner but Platform Home Loans Ltd advised that his firm is not on their "panel". It seems we have no choice but to instruct a Platform Home Loans Ltd panel solicitor or keep our high street solicitor and fork out for a Platform Home Loans Ltd panel lawyer to represent them. This seems very unfair; Can we not simply insist that Platform Home Loans Ltd use our lawyer?
No, not really. The loan offered to you is subject to its various provisions, a common one being that solicitors will be on the Platform Home Loans Ltd approved list. Until recently, most banks had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Platform Home Loans Ltd
How does conveyancing in Chingford differ for new build properties?
Most buyers of new build property in Chingford come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because developers in Chingford 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 property lawyers 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 Chingford or who has acted in the same development.
Taking into account that I am about to part with 450k on a house in Chingford I wish to talk to a conveyancer concerning thetransaction ahead of giving the go ahead to the firm. Can this be arranged?
We could not agree more - we would be happy to talk to you we do not take any clients on without you liaising with the solicitor who will be doing your property ownership legalities in Chingford.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter reference. The practices that we put you in touch with believe that the figure you are provided with for your conveyancing in Chingford should be the amount on the final invoice that you are charged.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Chingford. I've stumble across a web site which looks to be the perfect offering If there is a chance to get all this stuff done via email that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?