My partner and I are planning to buy a home in Eden Park and are in fact using a Eden Park conveyancing firm. Within the past 48 hours our solicitor has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Leeds Building Society have this morning contacted us to inform me that there is now an issue as our Eden Park lawyer is not on their approved list of lawyers. Is this a problem?
When purchasing a property with mortgage finance it is standard for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Eden Park solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
We were just about to sign contracts for a semi detached house in Eden Park. We have hit a problem. Our loan offer with Godiva Mortgages Ltd expires on 15/1/2026 but the owners are putting forward a completion date of 19/1/2026. Can one extend the mortgage expiry date?
The person best placed to deal with your concern is your conveyancer who is in a position to calculate whether he or she is should be discussing with the lender, seller’s solicitors, selling agents or conceivably all three based on the history of your conveyancing to date.
As someone clueless as to conveyancing in Eden Park what’s your top tip you can give me concerning the home moving process in Eden Park
You may not hear this from too many lawyers but conveyancing in Eden Park or throughout South East London is an adversarial experience. In other words, when it comes to conveyancing there is lots of opportunity for friction between you and other parties involved in the legal transfer of property. For example, the vendor, selling agent and even potentially the bank. Choosing a solicitor for your conveyancing in Eden Park is a critical decision as your conveyancer is your adviser, and is the ONE party in the legal process whose interest is to act in your legal interests and to protect you.
Sometimes a third party with a vested interest may attempt to sway you that it is in your interests to do things their way. For instance, the estate agent may claim to be helping by suggesting your solicitor is slow. Or your financial adviser may try to convince you to do something that is contrary to your solicitors recommendation. You should always trust your lawyer above all other parties in the home moving process.
The deeds to our property are lost. The conveyancers who did the conveyancing in Eden Park 10 years ago no longer exist. Will I be able to sell the house?
Nowadays there are duplicates made of almost everything, and your conveyancer should know precisely where to look for all the appropriate paperwork so you can buy or sell your house without a hitch. Where copies can’t be found, your lawyer may be able to put in place insurance or indemnities protecting you against possible claims on the property.
I am purchasing my first flat in Eden Park with the aid of help to buy. The sellers would not budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not disclose to my solicitor about the side-deal as it could impact my mortgage with Norwich and Peterborough Building Society. Do I keep my lawyer in the dark?.
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.
What does commercial conveyancing in Eden Park cover?
Eden Park conveyancing for business premises incorporates a wide array of guidance, offered by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.