Is there a search tool that I can use to investigate if the solicitor conducting my conveyancing in New Eltham is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Leeds Building Society thus spending £175.00 in further conveyancing costs.
Please do take advantage of the search tool on this web page. Pick the mortgage company and type ‘New Eltham’ or your preferred area and you will see numerous solicitors offices in New Eltham or near you.
Various online forums that I have come across warn that are the primary cause of stalling in New Eltham house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in New Eltham.
three months have elapsed following my purchase conveyancing in New Eltham took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in New Eltham differ for new build properties?
Most buyers of new build premises in New Eltham come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because new home sellers in New Eltham typically buy 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 accustomed to new build conveyancing in New Eltham or who has acted in the same development.
I decided to have a survey completed on a house in New Eltham in advance of instructing lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some lenders tend not give a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you contact us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in New Eltham. Conveyancing may be slightly more expensive based on your lender's requirements.
Given that I am about to part with over three hundred thousand on a property in New Eltham I would like to talk to a lawyer about myconveyancing before giving the go ahead to the firm. Can this be arranged?
Absolutely - we would be delighted to talk to you we do not take any clients on without you speaking to the conveyancer due to be carrying out your conveyancing in New Eltham.There is no ‘factory style conveyancing’ - each client is an important person, not a case number. The law firms that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in New Eltham should be the figure that you are charged.