The lawyer who assisted with my last purchase has quoted £1400 for freehold conveyancing in Eltham. I am selling a modern detached home for £225,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Eltham?
The charges are a bit high. If you shop around you may be able to get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, you couldlive to regret opting for an a cheaper lawyer. Remember to enquire that the conveyancer can also act for your mortgage company. You can utilise our comparison tool to get a quote a Eltham conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Eltham.
My husband and I are buying a newly built apartment in Eltham and my lawyer is telling me that she has to the lender to disclose incentives from the developer. I am under pressure to exchange and my preference is not to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can I use your services to locate a Conveyancing solicitor in Eltham even where I’m not purchasing or disposing of a house, for example where I wish to acquire a shop in Eltham with a mortgage from Godiva Mortgages Ltd?
The service is mainly used to help choose domestic conveyancing solicitors in Eltham but we have recorded towards the end of this page a selection of Eltham commercial conveyancing firms. You should speak with the company directly to check if they can also act for Godiva Mortgages Ltd
Can you help - my lawyer advises that restrictive coveneant insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Eltham?
The appropriate level of restrictive coveneant indemnity insurance depends on who your lender is. It would differ for example between Lloyds TSB Bank and Leeds Building Society. Conveyancing practitioners as opposed to borrowers take out such insurances.
We expect to receive a AIP from Co-operative this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Co-operative recommend any Eltham solicitors on the Co-operative conveyancing panel, or is it better to go independently?
You will need to appoint Eltham solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.
I am currently in the process of buying my council flat in Eltham. I have a mortgage agreed with Yorkshire BS. Conveyancing is not something I have any knowledge of. 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 Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.
My relative suggested that if I am buying in Eltham I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Eltham conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Eltham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Eltham Education with maps and statistics, Local Amenities and other useful information regarding Eltham.
I'm purchasing a new build house in Eltham with a loan from Virgin Money. The sellers refused to move on the amount so I negotiated 6k of extras instead. The house builders rep suggested that I not to tell my conveyancer about the side-deal as it would affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.