As a FTB what is the most important number one tip you can give me concerning purchase conveyancing in Eel Pie Island?
Not many law firms or advisers will tell you this but conveyancing in Eel Pie Island or throughout England and Wales is often a confrontational experience. In other words, when it comes to conveyancing there exists lots of opportunity for friction between you and other parties involved in the legal transfer of property. For example, the seller, selling agent and on occasion your lender. Choosing a lawyer for your conveyancing in Eel Pie Island should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the process whose interest is to protect your legal interests and to protect you.
Sometimes a potential adversary will try and sway you that it is in your interests to do things their way. As an example, the selling agent may claim to be assisting by suggesting your solicitor is dragging his heels. Or your mortgage broker may advise you to do take action that is contrary to your conveyancers recommendation. You should always trust your lawyer above all other parties in the home moving process.
I am selling my flat in Eel Pie Island. Does the conveyancing practitioner have to be on the Aldermore conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
How does conveyancing in Eel Pie Island differ for newly converted properties?
Most buyers of new build residence in Eel Pie Island come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Eel Pie Island typically 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 property lawyers 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 Eel Pie Island or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £245,000 and identified one round the corner in Eel Pie Island I like with a park and railway links in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Eel Pie Island for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term will be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
My husband and I are FTB’s - had an offer accepted, but the selling agent has warned us that the owners will only proceed if we appoint the agent's preferred solicitors as they want a ‘quick sale’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Eel Pie Island
It is improbable the sellers are driving this. If they want ‘a quick sale', alienating a genuine purchaser is is going to put the whole deal at risk. Bypass the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are ready to go, with finances in place © you have nothing to sell (d) you wish to move quickly (e)however you are going to appoint your preferred Eel Pie Island conveyancing solicitors - as opposed tothose that will provide their estate agent a kickback or meet his conveyancing targets demanded by HQ.
I have noted on various online forums that when choosing a conveyancing firm they must be approved by your mortgage company. It happens to be my first house move but I have an AIP from HSBC and I already have a family conveyancing solicitor in Eel Pie Island lined up. Does HSBC need an approved solicitor to be used? If so, where can I find that list so I can choose a conveyancing lawyer in Eel Pie Island?
You should instruct a solicitor that is on the HSBC panel. Simply telephone your chosen Eel Pie Island conveyancing solicitor to check if they are on the HSBC panel. If they are not on the panel you have a couple of options available to you here:
- Carry on with your preferred Eel Pie Island lawyer but HSBC will need to appoint a solicitor on their approved panel. This will result in additional fees together with likely delay.
- Get a fresh solicitor to conduct the conveyancing, ensuring that they are on the HSBC conveyancing panel.
- Convince your conveyancer to do everything possible to join the HSBC panel of solicitors.