Is the fact that my solicitor in New Eltham is not listed on my lender's solicitor panel that there is a problem with the quality of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the New Eltham conveyancing firm and ask them why they are no longer on the approved list for your bank.
I am buying a garden flat in New Eltham. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in New Eltham you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in New Eltham.
It has been three months following my purchase conveyancing in New Eltham took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. 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 or newly converted property in New Eltham come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in New Eltham usually buy 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 New Eltham or who has acted in the same development.
My husband and I are first time buyers - agreed a price, yet the estate agent has warned us that the vendor will only go ahead if we instruct their preferred conveyancers as they want a ‘quick sale’. My instinct tells me that we should use a family solicitor who is familiar with conveyancing in New Eltham
It is improbable the sellers are driving this. Should the seller desire ‘a quick sale', turning down a motivated buyer is not the way to achieve this. Contact the vendors directly and explain that (a)you are serious buyers (b)you are ready to progress, with finances in place © you are chain free (d) you wish to move quickly (e)but you intend to instruct your preferred New Eltham conveyancing lawyers - as opposed tothose that will provide their estate agent a introducer fee or hit his conveyancing figures set by HQ.
I am unfit to be present at my New Eltham conveyancing practitioners office to sign documents for conveyancing in New Eltham – is this a problem?
No. New Eltham conveyancing solicitors can deal with conveyancing transactions for clients across the country. You are unlikely to be required to meet your lawyer in the flesh at a New Eltham conveyancers office. They can undertake all communications via phone, post and email - whatever works for you.