I am expecting a mortgage offer from Halifax. I hope to employ the services of a Licensed Conveyancer in Hornchurch. Does the Halifax Conveyancing panel exclude Licensed Conveyancers?
The Halifax conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
My wife and I are acquiring a newly constructed apartment in Hornchurch and my solicitor is telling me that she is duty bound to the mortgage company to reveal incentives from the seller. The Estate Agents are hassling me to exchange contracts and my preference is not to delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I'm the only beneficiary of my late mum's will and I have everything in my name alone, including the my former home in Hornchurch. Conveyancing formalities meant that the Land Registry date was in August. I plan to dispose of the house. I understand that there is a CML 6 month 'rule', meaning my proprietorship may be considered the same way as if I'd bought the house in August. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. Some lenders would take a pragmatic view as this requirement is chiefly there to capture subsales or the quick reselling of property.
Is it the case that all Hornchurch solicitor firms on the Coventry BS conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Coventry BS approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel and in that case the practice would be overseen by the CLC.
I have decided to exercise my right to buy my property in Hornchurch off the council. I have a mortgage offer with Leeds Building Society. Conveyancing is new to me. 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 Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
What can a local search inform me regarding the house I am buying in Hornchurch?
Hornchurch conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company such as PSG The local search is essential in every Hornchurch conveyancing purchase; as long as you don’t want any nasty once you have moved into your new home. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
How does conveyancing in Hornchurch differ for newly converted properties?
Most buyers of new build property in Hornchurch contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Hornchurch tend to 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 conveyancers 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 accustomed to new build conveyancing in Hornchurch or who has acted in the same development.
Taking into account that I will soon spend hundreds of thousands of pounds on a property in Hornchurch I would like to talk to a conveyancer concerning thehouse move prior to instructing the firm. Can this be arranged?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor who will be conducting your property ownership legalities in Hornchurch.There is no ‘factory style conveyancing’ - each client is unique individual, not a file number. The law firms that we put you in touch with believe that the figure you are provided with for your conveyancing in Hornchurch should be the figure that you are charged.