My lawyer has identified a defect with the lease for the apartment we are purchasing in Golders Green. The seller’s lawyers have suggested defective title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor has advised that he must ensure that the lender is content with this solution. Are we the client or is the mortgage company ?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
I have an AIP. The bank mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would much rather appoint a local conveyancing solicitor in Golders Green?
Do check but the the likelihood is that appoint one of their panel solicitors where you take up the "fee-free" incentive. Call the lender to ask if they allow a cash alternative. Some banks have previously offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor near Golders Green.
My wife and I are purchasing a flat in Golders Green. I might seem paranoid but how we can trust a lawyer? On the day of competition we have to deposit money 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.
How can we know in advance if a Golders Green conveyancing solicitor on the Virgin Money panel is any good?
When it comes to conveyancing in Golders Green getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor carrying out your conveyancing.
Virgin Money have agreed my home loan in principle, my bid on a apartment in Golders Green has been agreed to, what are the next steps?
Your estate agent will want to know who your solicitors are (be sure the conveyancing practitioners are on the bank’s panel). Call up Virgin Money or the financial adviser and finish off any relevant documentation. Virgin Money will instruct a valuer who will get in contact with the estate agent or vendor to book a time for the valuation to happen. Once conducted (assuming no problems) it takes about a week for the mortgage offer to be issued. Virgin Money will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Golders Green.
I used Action Conveyancing a few years past for my conveyancing in Golders Green. I now require my papers however cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Golders Green of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying a new build house in Golders Green with a mortgage from Skipton Building Society. The sellers refused to move on the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not to tell my lawyer about this deal as it will jeopardize my mortgage with the lender. Is this normal?.
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.
Living abroad I am unable to be present at my Golders Green conveyancing lawyers office to execute documents for conveyancing in Golders Green – is this a problem?
No. Golders Green conveyancing solicitors can conduct conveyancing transactions for clients who are based anywhere. You are unlikely to be required to be present a Golders Green conveyancers office. They can deal with everything through post, email, telephone and fax.