we are a couple who are hoping to buy a newly converted apartment in Greenhithe with a loan from National Westminster Bank.We have a Greenhithe conveyancing lawyer but National Westminster Bank advised that her practice is not on their approved list of member firms. we are left little option but to use a National Westminster Bank panel solicitor or retain our local solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. The loan offered to you contains terms and conditions, a common one being that solicitors will be on the National Westminster Bank approved list. in the past, most mortgage companies had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for National Westminster Bank
We are buying a house in Greenhithe. It might be a silly question but how we can trust a conveyancer? On the day of competition we have to put funds into their account. What is the protection we have from them run away with our money?
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.
I have decided to exercise my right to buy my property in Greenhithe off the council. I have a mortgage offer with Kent Reliance. 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 use 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 Kent Reliance, you will need to appoint a solicitor on the Kent Reliance conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by Nationwide. Is it usual for Nationwide to only issue the offer once my solicitor in Greenhithe is approved on their conveyancing panel? Nationwide have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
I require expedited conveyancing in Greenhithe as I have an ultimatum to sign on the dotted line inside 3 weeks. Fortunately I do not need a mortgage. Can I escape the need for conveyancing searches to save money and time?
As you are are a mortgage free purchaser you are at free not to do searches although no solicitor would advise that you don't. With plenty of history conveyancing in Greenhithe the following are examples of what can show up and therefore impact future saleability: Enforcement Notices, Outstanding Charges, Overdue Grants, Road Schemes,...
We're novice buyers - agreed a price, but the estate agent informed us that the seller will only go ahead if we use the agent's chosen conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local conveyancer used to conveyancing in Greenhithe
We suspect that the owner is unaware of this ultimatum. Should the seller desire ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Bypass the agents and go straight to the sellers and make sure they understand (a)you are keen to buy (b)you are ready to progress, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you intend to appoint your preferred Greenhithe conveyancing firm - as opposed tothe ones that will give the estate agent a commission or hit his conveyancing thresholds demanded by HQ.
I today plan to offer on a house that seems to meet my requirements, at a reasonable figure which is making it more attractive. I have since been informed that it's a leasehold rather than freehold. I am assuming that there are issues purchasing a house with a leasehold title in Greenhithe. Conveyancing advisers have are about to be instructed. Will they explain the issues?
The majority of houses in Greenhithe are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Greenhithe so you should seriously consider shopping around for a Greenhithe conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example obtaining the freeholder’spermission to conduct alterations. It may be necessary to pay a maintenance charge towards the maintenance of the estate where the property is part of an estate. Your conveyancer will appraise you on the various issues.
My wife and I have hit a brick wall in seeking a lease extension in Greenhithe. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We can put you in touch with a Greenhithe conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Greenhithe property is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case affected 13 flats. The unexpired residue of the current lease was 76 years.
Why can I not complete my conveyancing in Greenhithe on Good Friday?
This is due to the fact that on completion the funds will pass between the banks of the buyer and owner’s property lawyer and currently this can only take place on a business day. It is not possible to complete on a weekend either.