Me and my fiance are buying residence in Greenwich. My property lawyer is not on the mortgage company solicitor panel. Am I still permitted to retain my Greenwich conveyancing solicitor notwithstanding that they are not on the bank list of approved lawyers?
You have a couple of alternatives available to you here
- Proceed with your chosen Greenwich conveyancing practitioner but your lender will need to retain a conveyancing practitioner from their approved panel. The net result is additional fees together with probable frustration.
- Appoint a new conveyancer to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Convince your solicitor to apply to join the mortgage company panel
My husband and I are approaching an exchange on a flat in Greenwich and my mum and dad have transferred the ten percent deposit to my conveyancer. I am now told that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification to my mortgage company. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The property lawyer is duty bound to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
My wife and I are purchasing a flat in Greenwich. It might be a silly question but how we can trust a conveyancer? At some point we will need to send our life savings into their account. What is the protection we have from them run away with our monies?
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 am assisting my niece sell her property in Greenwich. Does the conveyancer order an energy assessment or should I organise this?
Following the demise of Home Packs, energy assessments remained a required element of moving property. An energy performance certificate needs to be commissioned before the property is marketed. It is not a task that solicitors ordinarily arrange. Where you are instructing a Greenwich conveyancing practitioner they may help arrange energy performance certificates due to their contacts with long established Greenwich energy assessors
The formalities of my purchase has taken place for my property in Greenwich. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. We understand that complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Do commercial conveyancing searches disclose impending roadworks that could affect a commercial estate in Greenwich?
Its becoming the norm that commercial conveyancing solicitors in Greenwich will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Greenwich. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Greenwich.
For every commercial conveyancing transaction in Greenwich it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Greenwich commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Greenwich.
Just had an offer accepted on a new build apartment in Greenwich. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Greenwich
-
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
My father-in-law has recommend that I instruct his conveyancers in Greenwich. Should I use them?
There are no two ways about it it’s preferable to find a conveyancing practitioner is to get recommendations from friends or relatives who have previously instructed the conveyancer that you are considering.