I am in the throes of switching my existing standard mortgage to a BTL Britannia mortgage. I have been informed by my broker that I need a lawyer for this. I got in contact with my previous Clapham conveyancing solicitor who who did the conveyancing when I first bought the premises. The fee calculation they've given of just over five hundred pounds has surprised me as its a refinance than a sale or purchase.
The estimate does seem a tad overpriced. Where you are willing to spend time contrasting charges you may be able to get the conveyancing a bit cheaper by say £125. On the other hand, if you were content with the assistance the firm gave you maylive to regret choosing an an unknown solicitor. If is important to enquire the solicitor can act for Britannia. You can utilise our search tool to find a Clapham conveyancing firm on the Britannia conveyancing panel, which can often include conveyancing solicitors in Clapham.
Completed the sale of my flat in Clapham last April but my buyer keeps texting every few hours to say his solicitor needs to hear from mine. What should have happened now that I have sold?
After completion of your disposal your lawyer should deliver the transfer deeds and all additional paperwork to the buyer’s lawyers. Where relevant, your solicitor must also confirm that the home loan has been discharged to the purchasers conveyancers. There is unlikely to be post completion formalities specific conveyancing in Clapham.
What can a local search inform me regarding the house my wife and I buying in Clapham?
Clapham conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for instance Searchflow The local search is essential in every Clapham conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search will reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
Are there restrictive covenants that are commonly identified during conveyancing in Clapham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Clapham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying my first flat in Clapham with a mortgage from Alliance & Leicester . The developers would not budge the amount so I negotiated £7000 of additionals instead. The sale representative told me not inform my lawyer about this extras as it could adversely affect my loan with Alliance & Leicester . Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
My estate agent has recommended their lawyer for my conveyancing in Clapham - Surely it’s easier to just instruct them?
This is not necessarily the case and you are at liberty to instruct whichever lawyer of your choosing for your Clapham home move. The solicitor suggested by a 3rd party adviser may not always be the right conveyancer, they may put forward their own conveyancing firm who are based far away. In this instance you may not have contact with your property lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.