My husband and I are hoping to acquire a flat in Greenwich and have appointed a Greenwich conveyancing practice. Within the last couple of days our solicitor has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Yorkshire Building Society have this morning contacted us to inform me that they have now hit a problem as our Greenwich solicitor is not on their conveyancing panel. Please explain?
When purchasing a property with the benefit of a mortgage it is standard 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 property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Greenwich solicitors, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
Finally the sale completed on my house in Greenwich last March yet the purchaser is telephoning me to say their conveyancer needs to hear from mylawyer. What should have happened now that I have sold?
Following your disposal your conveyancer is committed to forward the transfer deeds and all of the paperwork to the purchaser's conveyancer. If applicable, your solicitor should also confirm that the legal charge in favour of the lender has been paid off to the buyers lawyers. There are no post completion tasks peculiar conveyancing in Greenwich.
We are planning to purchase with Norwich and Peterborough Building Society. I dropped in a few local solicitors but cant to find a Greenwich conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you assist?
Please do take advantage of the search tool on this site. Pick the lender and type Greenwich or your preferred area and you will be presented with numerous conveyancers located in Greenwich or by proximity to you.
I have recentlybeen informed that Arc property Solicitors have been shut down. They conducted my conveyancing in Greenwich for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The easiest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Greenwich conveyancing specialists.
I am buying a new build house in Greenwich with the aid of help to buy. The developers would not move on the price so I negotiated 6k of extras instead. The property agent suggested that I not inform my conveyancer about this side-deal as it would affect my mortgage with Godiva Mortgages Ltd. 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.
What is the best way of identifying a commercial conveyancing in Greenwich?
First ask the people you trust who they used in the past and if they were happy with the service. Second, search the web for conveyancing in Greenwich. Telephone two or three from the list and request that they send you their conveyancing quote and discuss your needs with the solicitor who will conduct your conveyancing before you make your choice. Third is to make use of our search tool to assist you in finding the right solicitors for you based on your unique factors including location,speed, complexity and who the proposed lender is.Avoid the trap of appointing lowest cost conveyancing solicitors in Greenwich