I am purchasing a house without a mortgage in New Eltham. I have resided for the last Seventeen years in New Eltham. Conveyancing searches are exorbitant. As I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a mortgage, then the vast majority of the New Eltham conveyancing searches are at your discretion. Your solicitor will ’encourage you, perhaps strongly, that you should have searches done, but she has a professional duty to take that path of advice. One thing to bear in mind; if you are likely to dispose of the house in the future, it will likely be be of relevance to your future purchaser what the searches reveal. Sometimes properties with no practical issues can still reveal adverse search results. A competent conveyancing solicitor in New Eltham will provide you some sensible guidance here.
My lender has suggested solicitors on their panel based in New Eltham but I would rather use a conveyancing lawyer in New Eltham or nearer to where I live. Are you able to assist?
It is by no means the case that all New Eltham conveyancing practices are approved and listed on all banks conveyancing panel. Please make the most of the above search tool to identify a New Eltham conveyancing conveyancer on the on the lender panel.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in New Eltham?
There are many registered licenced Conveyancers in New Eltham and Solicitor firms in New Eltham who provide Conveyancing services It is important to make clear that both are regulated professionals specialising in the legal work in transferring property. Both can conduct associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
We previously selected conveyancing lawyers based in New Eltham on the UBS solicitor panel. They are now charging me a separate amount for handling the UBS mortgage. Is this a supplemental conveyancing fee specified by UBS?
Provided it is contained in their Terms of Engagement or estimate then yes your solicitor is entitled to levy a fee for this. The fee is not dictated by UBS but by your New Eltham solicitor. Numerous firms on the UBS panel will levy ’dealing with mortgage’ fee but many firms incorporate it on their overall fee.
Nottingham have agreed my mortgage in principle, my offer on a property in New Eltham has been accepted, what happens next?
The property agent will wish to be advised as to your property lawyer's details (ensure that the property lawyers are on the bank’s panel). Telephone Nottingham or your broker and finish off any relevant forms. Nottingham will appoint a valuer who will get in contact with the estate agent or vendor to schedule an appointment. Once carried out (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Nottingham will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in New Eltham.
I need some fast conveyancing in New Eltham as I am faced with a deadline to complete in less than one month. Thankfully I do not need a mortgage. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are are a cash buyer you have the choice not to do searches although no law firm would advise that you don't. Drawing on years of experience of conveyancing in New Eltham the following are instances of issues that can appear and therefore affect market value: Enforcement Actions, Outstanding Charges, Overdue Grants, Railway Schemes,...
I own a renovated Victorian house in New Eltham. Conveyancing solicitor acted for me and Britannia. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in New Eltham and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing lawyer who carried out the work.
How does conveyancing in New Eltham differ for newly converted properties?
Most buyers of new build or newly converted property in New Eltham approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because builders in New Eltham typically acquire the land, 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 New Eltham or who has acted in the same development.