My fiance and I are looking to buy a home in London Colney and are in fact using a London Colney conveyancing firm. Within the past 48 hours our lawyer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Godiva Mortgages Ltd have this evening contacted us to advise us that they have now hit a problem as our London Colney solicitor is not on their conveyancing panel. Is this a problem?
If you are buying a property with the assistance of a mortgage it is usual 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 Accreditation Scheme. Your solicitor 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 solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred London Colney lawyers, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
The vendors of the home we are purchasing hired a conveyancing practitioner in London Colney who has suggested a preliminary contract with a deposit 10k. Are such agreements sensible?
Lock out contracts are contracts between a property vendor and purchaser giving the buyer exclusive rights to purchase the property for a set period of time. For all intents and purposes, a lock out is a document stating that you should receive a contract at a later date which is the main conveyancing contract. It tends to be utilised for buyer assurance though in many situations, the proprietor may stand to benefit from such agreements as well. There are many pros and cons to using them but you need to check with your lawyer but note that it may end up incurring extra in conveyancing fees. In light of these reasons these contracts are rare when it comes to conveyancing in London Colney.
I need some quick conveyancing in London Colney as I am under an ultimatum to complete within one month. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?
As you are are a cash buyer you have the choice not to have searches conducted although no solicitor would recommend that you don't. Drawing on years of experience of conveyancing in London Colney the following are instances of what can crop up and therefore impact the marketability of the property: Enforcement Actions, Outstanding Charges, Overdue Grants, Railway Schemes,...
I have recentlydiscovered that Arc property Solicitors have closed. They carried out my conveyancing in London Colney for a purchase of a freehold house 9 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The quickest 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 London Colney conveyancing specialists.
I am looking to sell my house. My former conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in London Colney if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in London Colney. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
As co-executor for the estate of my aunt I am selling a house in Newport but reside in London Colney. My lawyer (who is 200 miles awayrequires that I sign a statutory declaration prior to completion. Could you suggest a conveyancing lawyer in London Colney to attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are London Colney based