My wife and I are soon to complete buying a property in Hainault but as a consequence of damage from the recent storms I have was able negotiate reparation from the seller in the sum of six thousand pounds by way of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process but Leeds Building Society are not allowing this. Why were they informed?
The lawyer that is on a Leeds Building Society conveyancing panel is duty bound to advise Leeds Building Society of any changes to the sale price. If you were to refuse your conveyancing practitioner to report the price change to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new solicitor for your conveyancing in Hainault.
Will lawyers ask for an advanced payment for conveyancing in Hainault?
If you are buying a property in Hainault your lawyer will ask you place them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. If any down payment is payable against the total price then this should be required shortly prior to contracts are exchanged. The final balance that is due will be payable a couple of days ahead of the completion date.
We are buying a purpose built apartment in Hainault with a loan from Santander.We have a Hainault conveyancing practitioner but Santander informed us she’s not on their "panel". It seems we are left with little choice but to instruct a Santander panel firm or keep our high street solicitor and pay for one of their panel ones to act for them. This seems very unfair; is there anything we can do?
No, not really. The mortgage offered to you contains terms and conditions, one of which will be that conveyancers needs to be on the Santander approved list. Until recently, most lenders 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. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Santander
We are downsizing from our home in Hainault and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. A local lawyer would know this is not the case. For the life of me I don't know why the purchasers instructed an internet conveyancing outfit rather than a conveyancing solicitor in Hainault. Having lived in Hainault for many years we know that this is a non issue. Should we contact our local Authority to obtain confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I used Arc property Solicitors a few years past for my conveyancing in Hainault. Now, I need my documents but cannot find the solicitor. What do I do?
Do call 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 Hainault 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.
How does conveyancing in Hainault differ for newly converted properties?
Most buyers of new build or newly converted property in Hainault approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Hainault typically buy 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 used to new build conveyancing in Hainault or who has acted in the same development.