Is the fact that my conveyancer in De Beauvoir Town is not listed on my bank's solicitor panel that there is a problem with the standard of his work?
It would not be wise to jump to that conclusion. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the De Beauvoir Town conveyancing firm and ask them why they are no longer on the approved list for your lender.
My wife and I are due to exchange on the purchase of a house in De Beauvoir Town but as a result of damage from some water damage at the property I have managed to agree reparation from the owner of £3k by way of a deduction in the price. This was going to be addressed as part of a side agreement but RBS will not agree to this. Why were they informed?
Your conveyancing practitioner being on a RBS approved list is duty bound to disclose to RBS of any variations to the purchase price. If you prohibit your lawyer to report the reduction to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new conveyancer for your conveyancing in De Beauvoir Town.
I require fast conveyancing in De Beauvoir Town as I have pressure to sign on the dotted line within one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save money and time?
As you are not obtaining a mortgage you have the choice not to have searches carried out although no solicitor would advise that you don't. With plenty of history conveyancing in De Beauvoir Town the following are instances of what can appear and therefore impact future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
How does conveyancing in De Beauvoir Town differ for new build properties?
Most buyers of new build or newly converted property in De Beauvoir Town come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in De Beauvoir Town usually 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 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 De Beauvoir Town or who has acted in the same development.
My uncle has suggested that I use his lawyers for conveyancing in De Beauvoir Town. Should I choose my own solicitor?
Much as we are happy to recommend a De Beauvoir Town conveyancing lawyer the ideal way to choose a conveyancing solicitor is to seek recommendations from friends or family who have experience in using the firm you're considering.
We own a leasehold flat in De Beauvoir Town. Conveyancing was completed in five years ago. I have read on a number of consumer forums that I mustn’t allow the the remaining lease term to fall too short. Is this right?
De Beauvoir Town leasehold properties are for a prescribed period - usually ninety nine years when they started. However a significant flats in De Beauvoir Town were constructed or converted in the 60’s and so these leases now have under 80 years unexpired. This may sound like plenty of time however Banks, Building Societies and other mortgage institutions tend to require leases to have at least 75 years unexpired to be mortgageable. Accordingly when you come to sell the property you will need a lease extension if you are nearing eighty years. To maximise the saleability of your property you should be thinking about whether or not to extend your lease well in advance of selling the property. Please note that there are significant benefits to taking action before the lease hits eighty years as when the lease falls below 80 years the amount you have to pay to extend starts to increase.