We note that you have a search directory identifying solicitors on the Clydesdale conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Kensal Rise?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Kensal Rise.
Do I need to attend the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Kensal Rise so that I can attend their offices if necessary.
Whereas this was necessary twenty years ago, most banks no longer require their conveyancing panel solicitor to witness the borrowers signature. It will still be necessary for you to hand over ID documents and there are still distinct advantages to using a local practitioner, in your situation a conveyancing solicitor in Kensal Rise.
Is it necessary to pay for insurance to address the risk of chancel repairs when buying a house in Kensal Rise?
Unless a previous acquisition of the property took place after 12 October 2013 you may assume that lawyers conducting conveyancing in Kensal Rise to continue to propose a a chancel search and or insurance against a claim.
How does conveyancing in Kensal Rise differ for new build properties?
Most buyers of new build residence in Kensal Rise contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Kensal Rise usually acquire the real estate, 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 property lawyers 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 Kensal Rise or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Kensal Rise is where the house is located. Is there any guidance you can give?
Flying freeholds in Kensal Rise are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Kensal Rise you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kensal Rise may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My 20yr old son is just in the process of moving home, he had his mortgage in principle. When the seller agreed the offer on the apartment we telephoned the mortgage company to progress the mortgage application. I was shocked to discover that banks do not accept all lawyer, they need to be on their approved list, is this correct?
Banks normally imposes restrictions either the type or the number of conveyancing firms on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Kensal Rise conveyancer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.