I have just started taking steps with the intention of changing my current homeowner loan to a BTL Bank of Scotland mortgage. The bank has said that I require a lawyer as part of the process. I got in contact with the same Chingford conveyancing solicitor who dealt with the legals when I previously purchased the premises. The quote e-mailed to me of £500 has shocked me as its a refinance than a sale or purchase.
The charges appear a little high. If you you were to look around you may be able to get the conveyancing a bit cheaper by perhaps £125. On the other hand, if you were happy with the assistance the firm gave you couldcome to regret opting for an an untested solicitor. Don't forget to be sure that the firm can also act for Bank of Scotland. Do utilise our search tool to locate a Chingford conveyancing firm on the Bank of Scotland conveyancing panel, which can often include conveyancing solicitors in Chingford.
I am hoping to move into my new home in Chingford next Tuesday. My conveyancing practitioner now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the lender. What risks does the lender expect the insurance to cover?
Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 conditions. These obligations are not limited to conveyancing in Chingford.
I am the sole recipient of my late grandmother’s will with all property in now in my sole name, including the house in Chingford. Conveyancing formalities meant that the Land Registry date was in June. I plan to dispose of the property. I understand that there is a CML six month 'rule', which means that my proprietorship will be considered the same way as if I'd bought the house in June. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. How sensible a view banks take of it, depend on the lender as this obligation is principally there to capture subsales or the quick reselling of properties.
After much negotiation I have agreed a price on an apartment in Chingford. My mortgage broker suggested a property lawyer. I paid an upfront payment of £225. A couple of days later, the property lawyer contacted me embarrassingly acknowledging that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I was told two weeks ago that my mortgage has been agreed to by Coventry BS. Is it usual for Coventry BS to only issue the offer once my solicitor in Chingford is approved on their conveyancing panel? Coventry BS have asked my solicitor to see a copy of their PI Insurance.
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 Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Given that I will soon part with over three hundred thousand on a two bedroom apartment in Chingford I wish to talk to a conveyancer concerning thetransaction before giving the go ahead to the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you liaising with the solicitor due to be carrying out your property ownership legalities in Chingford.There is no ‘factory style conveyancing’ - each client is unique individual, not a file number. The solicitors 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.
In my capacity as executor for the will of my father I am selling a residence in Monmouth but live in Chingford. My conveyancer (who is 250 kilometers from merequires that I sign a stat dec before completion. Could you suggest a conveyancing solicitor in Chingford who can attest this legal document for me?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are Chingford based
My mum and dad are experiencing problems in finding their Chingford property on the HM Land Registry online search facility. They recall that back in the 60’s when they bought the house there were complications regarding Chingford not being recognised in some systems.
Nearly all premises in Chingford should appear. Have you limited your search with just the postcode. Ordinarily it should reveal all the residences within the postcode. Where recorded it will show up with a title number. Where they bought 48 years ago it's conceivable it may be unrecorded. The property may still be revealed but with the title number shown 'na'. In this scenario you will need to locate the original title documentation which might be with your parent’s lender.