We wanted to use a property lawyer in Clapton for our house purchase. Our broker has since notified us that our mortgage lenders Britannia won't deal with them. Why is this not regarded as unfair competition?
Banks tend to imposes restrictions either the type or the volume of conveyancing firms on their approved list of lawyers. Typical examples of such criteria being that a law practice must have two or more partners. As well as restricting the profile of firm, a few lenders have limited the number of firms they use to represent them. Be aware that Britannia have no responsibility for the quality of advice provided by any member of Britannia Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago even though there remains mixed opinions regarding the extent of solicitor engagement in some of that fraud. Statistics from the Land Registry reveal that plenty of law firms, including some in or near Clapton only carry out very few conveyances per annum.
We are purchasing a apartment in Clapton. I might seem paranoid but how we can trust a lawyer? On the day of competition we have to send funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Forgive me if this question is silly but I am wet behind the ears as a 1st time purchaser of a ground floor flat in Clapton. Do I collect the keys to the property on the completion date from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Clapton?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the seller's conveyancers, and once they have received this, you will be invited to receive the keys from the property Agents and start moving into the property. Usually this occurs between 1 and 3pm.
I have decided to exercise my right to buy my property in Clapton off the council. I have a mortgage agreed with Nationwide. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
Have purchased a a detached house in Clapton , What is the estimated time for the Land Registry to record the transfer to my name? My Clapton conveyancing solicitor has been painfully slow, so I want to check that my ownership is recorded.
There is nothing unique when it comes to conveyancing in Clapton registration formalities. As opposed to being determined by geographic area, timeframes can differ depending on who lodges the application, whether there are errors and whether the Land registry need to notify any other parties. As of today roughly 80% of such applications are completed within two weeks but some can be subject to extensive hold-ups. Registration occurs after the purchaser is living at the premises therefore 'speed' is not typically an essential issue but if it is urgent that the the registration takes place urgently then you or your lawyers must speak with the land registry and explain the circumstances.
Due to the guidance of my in-laws I had a survey completed on a house in Clapton before appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some lenders will refuse to grant a mortgage on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Clapton. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to retain a conveyancing solicitor for purchase conveyancing in Clapton. I've chance upon a site which looks to be the ideal offering If there is a chance to get all this stuff done via email that would be ideal. Should I 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?
My brother is purchasing a shared ownership flat in Clapton. He has received an estimate by the property lawyer recommended by the selling agents totaling £1245 . It was eight years ago since I sold and purchased a house and the fee was £600. Have fees really increased to that extent?
We would recommend that you contact two or three local Clapton conveyancing solicitors seeking prices. It is advisable to base your decision not just on cost, but on promptness and on how comprehensive the response was.