I am obtaining a mortgage with Nat West. I intend to use a Licensed Conveyancer in Colney Hatch. Does the Nat West Solicitor panel exclude Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
The owners of the property we are looking to purchase have appointed a conveyancing solicitor in Colney Hatch who has recommended a exclusivity agreement with a payment two thousand pounds. Are such arrangements promoted for Colney Hatch conveyancing transactions?
There are two main concerns with executing a lock out agreement (also termed a no-shop agreement) is that it takes away the focus from progressing with the conveyancing work, so unless it requires limited or no negotiation then it may transpire to be unhelpful. It is not strongly advocated amongst Colney Hatch conveyancing solicitors for this reason. A supplemental issue is the extent of the remedies available - a jilted buyer is not likely to win injunctive relief to prevent the vendor disposing of the property to a third party, so the only remedy available under the agreement will be the reimbursement of wasted costs and, in restricted situations, the additional payment of penalties.
Will my conveyancer be raising questions regarding flooding during the conveyancing in Colney Hatch.
Flooding is a growing risk for conveyancers dealing with homes in Colney Hatch. Some people will acquire a house in Colney Hatch, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, however there are a number of checks that can be carried out by the purchaser or on a buyer’s behalf which can give them a better appreciation of the risks in Colney Hatch. The standard information given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the seller to determine if the premises has suffered from flooding. If flooding has previously occurred which is not revealed by the owner, then a buyer could commence a claim for damages resulting from an inaccurate response. A buyer’s conveyancers may also carry out an environmental search. This will higlight whether there is a recorded flood risk. If so, further inquiries should be made.
How does conveyancing in Colney Hatch differ for new build properties?
Most buyers of new build property in Colney Hatch approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is finished. This is because builders in Colney Hatch typically buy 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 conveyancers 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 accustomed to new build conveyancing in Colney Hatch or who has acted in the same development.
How difficult is it to switch firm as I have to find a firm on the Barclays conveyancing list. I hired a family conveyancing solicitor in Colney Hatch five minutes from me but she is not accepted by Barclays
It would be our pleasure to assist you select a conveyancing solicitor in Colney Hatch on the Barclays panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Colney Hatch. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Colney Hatch.
I need to retain a conveyancing solicitor for remortgage conveyancing in Colney Hatch. I've stumble upon a web site which looks to be the perfect solution If it is possible to get all this stuff completed via web that would be preferable. Should I be wary? 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?