Do I find a Licenced Conveyancer or Solicitor for conveyancing in New Eltham?
There are many recorded licenced Conveyancers in New Eltham and Solicitor firms in New Eltham to choose from It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can handle associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local New Eltham bank branch on various occasions and was told it does not affect the mortgage offer and they would lend. My New Eltham conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they would not lend in accordance with their specific requirements. Who do I believe?
As long as the lawyer is on the mortgage company approved list, she or he must adhere to the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I have finally had an offer on an apartment in New Eltham agreed to, but there is a chain. The sellers have put an offer on somewhere, but it’s not yet tied up, and have viewings of other flats booked. I have chosen a bricks and mortar conveyancing solicitor in New Eltham. What should be my next step? At what stage should I apply for the mortgage with Bank of Ireland?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is approx £1k, then valuation, New Eltham conveyancing search costs, etc). The first course of action is to ensure that your solicitor is on the Bank of Ireland approved list. As to the subsequent steps this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. During a hot market the majority of home buyers would apply for the mortgage with Bank of Ireland and pay for the valuation and only if it was satisfactory would they request their lawyer to proceed with the conveyancing in New Eltham.
I'm buying my first flat in New Eltham benefiting from help to buy. The developers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not reveal to my solicitor about the extras as it could adversely affect my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, chain free conveyancing. New Eltham is where the house is located. What do you suggest?
Flying freeholds in New Eltham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside New Eltham you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in New Eltham may ascertain 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 property.
I am downsizing from my home. My past lawyers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in New Eltham if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in New Eltham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
I am four weeks into a residential purchase having been directed to conveyancers by the high street agent to carry out the conveyancing in New Eltham. I am am extremely dissatisfied with the quality of service. Can you you assist me in finding new lawyers?
They would need to be very poor to suggest changing them. Has the mortgage offer been issued? If so you will need to advise them of the new contact details and get the loan are re-sent. Your conveyancer should be on the lenders panel to avoid added costs and complications. That should be your starting point. Our search tool can assist you in finding a lender approved lawyer for your conveyancing in New Eltham
My wife and I today found out that one of the partners of the law firm acting on the purchase conveyancing in New Eltham is an uncle of the owners that we are buying from. Is this acceptable?
Provided there is no conflict of interest this is allowable. If you are requiring a mortgage then the bank may have a say as many banks have specific instructions on this. For example for RBS - Virgin One as of 15/10/2021, the requirements read as follows :