My IFA has asked me for my Nine Elms law firm’s panel member for the Nationwide conveyancing panel. What is the best way to find this out. I have tried my local Nine Elms branch but they have not got back to me yet.
Have you tried contacting your Nine Elms property lawyer about this?. Most Nine Elms conveyancing practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
Our conveyancer has uncovered a defect with the lease for the flat we are buying in Nine Elms. The other side have suggested title insurance as a solution. We are happy with insurance and will cover the costs. Our conveyancer has advised that he must check that the bank is willing to move forward with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your property lawyer will have no choice but to discontinue acting for you.
I am buying a new build flat in Nine Elms. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Nine Elms you will have to appoint a solicitor on your mortgage company'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 Nine Elms.
Will my lawyer be making enquiries concerning flooding as part of the conveyancing in Nine Elms.
The risk of flooding is if increasing concern for lawyers dealing with homes in Nine Elms. There are those who acquire a house in Nine Elms, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to impart advice on flood risk, however there are a number of checks that may be initiated by the purchaser or by their conveyancers which will give them a better appreciation of the risks in Nine Elms. The standard information given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the seller to determine if the premises has historically flooded. If flooding has previously occurred which is not notified by the vendor, then a buyer could commence a compensation claim as a result of such an misleading response. A purchaser’s lawyers should also conduct an environmental report. This should indicate whether there is a recorded flood risk. If so, additional investigations should be carried out.
How does conveyancing in Nine Elms differ for new build properties?
Most buyers of new build premises in Nine Elms come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Nine Elms tend to purchase 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 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 Nine Elms or who has acted in the same development.
Taking into account that I am about to part with over three hundred thousand on a property in Nine Elms I would like to talk to a solicitor concerning thehome move prior to appointing the firm. Can this be arranged?
This is something that we recommend - we would be pleased to talk to you we do not take any clients on without you first talking to the conveyancer who will be carrying out your conveyancing in Nine Elms.There is no ‘factory style conveyancing’ - each client is an important person, not a file number. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Nine Elms should be the figure that you are charged.