My wife and I are planning to purchase a property in Enfield Lock and have appointed a Enfield Lock conveyancing firm. Within the last couple of days our lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Platform Home Loans Ltd have this afternoon contacted us to advise us that they have now hit a problem as our Enfield Lock lawyer is not on their approved list of lawyers. Is this a problem?
If you are buying a property needing a mortgage it is conventional for the purchasers' lawyers 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 solicitor 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 don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Enfield Lock solicitors, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
As someone not used to the Enfield Lock conveyancing process what’s your top tip you can impart concerning the house moving process in Enfield Lock
You may not hear this from too many lawyers but conveyancing in Enfield Lock and elsewhere in England and Wales is an adversarial process. In other words, when it comes to conveyancing there is an abundance of room for conflict between you and others involved in the legal transfer of property. For instance, the vendor, estate agent and on occasion a bank. Selecting a solicitor for your conveyancing in Enfield Lock should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the transaction whose role it is to act in your legal interests and to keep you safe.
We are witnessing a definite creep in the "blame" culture- someone has to be at fault for the process taking so long. You your first instinct should be to trust your lawyer above all other players in the conveyancing process.
We are buying a property in Enfield Lock. I might seem paranoid but how we can trust a solicitor? At some point we have to deposit funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Forgive me if this question is silly but I am unexperienced as a 1st time buyer of a ground floor flat in Enfield Lock. Do I pick up the keys to the property on completion from my conveyancer? If so, I will appoint a High Street conveyancing solicitor in Enfield Lock?
On the day of completion you do not need to attend the conveyancers office in Enfield Lock. Your solicitors will electronically transfer the purchase money to the seller's conveyancers, and once they have received this, you will be able to pick up the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
My stepmother advised me that in purchasing a property in Enfield Lock there could be various restrictions preventing external alterations to the property. Is this right?
There are a number of properties in Enfield Lock which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Enfield Lock should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
How does conveyancing in Enfield Lock differ for new build properties?
Most buyers of new build residence in Enfield Lock contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is completed. This is because developers in Enfield Lock typically purchase the site, 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 conveyancing solicitors 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 Enfield Lock or who has acted in the same development.
My company is planning to lease a unit on the high street. Can you recommend lawyers offering fixed charges for non-domestic conveyancing in Enfield Lock for under £1,200?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Enfield Lock, including the sale and acquisition of businesses as well as simply premises. Whether you are hoping to buy or sell a shop, pub, restaurant, office, retail unit or a whole business we can find you the right solicitor. As for the charges this will depend on the structure and terms of the deal. Let us have your details or email so as to enable us to supply you with a detailed commercial conveyancing calculation.
I am thinking of appointing a conveyancing lawyer in Enfield Lock for my home move. Is it possible to see a solicitor's record with the profession’s regulator?
You may read published Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find details Pre 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The SRA could monitor call for training requirements.