Is the fact that my conveyancer in New Malden is not identified on my lender's conveyancing panel that there is a problem with the quality of the firm’s work?
That would most likely be an incorrect assumption to make. 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 solicitor 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 contact the New Malden conveyancing practice and enquire why they are no longer on the approved list for your lender.
Our god-son is purchasing a newly built flat in New Malden with a home loan from Kent Reliance. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Kent Reliance conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Kent Reliance conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We just had an offer accepted to purchase with Earl Shilton BS. We have called around locally but am struggling to find a New Malden conveyancing firm on the Earl Shilton BS panel. Can you assist?
Feel free to make the most of the find a conveyancing panel solicitor tool on this page. Please choose the building society and type New Malden or your preferred area and you will discover numerous conveyancers located in New Malden or nearest you.
I can see plenty of here about conveyancing in New Malden but what is your top tip for choosing the right conveyancer in New Malden
It would be unwise to be seduced by the lowest New Malden conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I had a mortgage agreed in principle with Co-operative. New Malden conveyancing practitioners are appointed. What is the average time that one could expect to receive a mortgage offer from Co-operative?
Some lenders take longer than others. Have Co-operative conducted the valuation? Have you informed Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I recently had an offer accepted on a house in New Malden. My financial adviser recommended their conveyancers. I paid an advanced payment of £200. Shortly after, the lawyer called me to say that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
The deeds to our house can not be found. The solicitors who handled the conveyancing in New Malden 4 years ago have long since closed. What do I do?
These day there are copies made of almost everything, and your conveyancer should be aware exactly where to find all the appropriate documentation so you can purchase or sell your house without a hitch. Where duplicates can’t be found, your conveyancer can arrange cover in the form of insurance or indemnities protecting you against possible claims on the premises.
Over the last few months I have been searching for a ground for flat up to £305k and found one round the corner in New Malden I like with a park and transport links nearby, the downside is that it's only got 61 years on the lease. There is not much else in New Malden in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan that many years will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.