I am searching for value for money conveyancer. Do I opt for a web based conveyancer or a local Norbury conveyancing solicitor?
Existing third party relationships are another important factor to consider when appointing conveyancing solicitors. Norbury conveyancers often have long term relationships with lenders and agents, local authorities, surveyors and other conveyancing firms meaning the whole process is going to be much smoother for you. Hosting specialist insight into the local area is an advantage.
We're in Norbury, First timers buying with a mortgage (lender is Yorkshire BS , and our solicitor is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Forgive me if this question is silly but I am new to the home buying as FTB of a garden flat in Norbury. Do I collect the keys to the house on completion from my conveyancer? If this is the case, I will use a High Street conveyancing solicitor in Norbury?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the seller's solicitors, and shortly after the monies have arrived, you should be invited to collect the keys from the property Agents and move into your new home. This tends to happen early afternoon.
We expect to receive a DIP from UBS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do UBS recommend any Norbury solicitors on the UBS conveyancing panel, or is it better to go independently?
You will need to appoint Norbury solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
My offer on a property in Norbury has been agreed to, the sellers do nevertheless have a connected purchase. The sellers have offered on a property, but it’s not yet tied up, and are looking at other properties booked. I have instructed a high street conveyancing solicitor in Norbury. What should be my next step? When should I get the mortgage application with Nottingham going?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then valuation, Norbury conveyancing search fees, etc). The first course of action is to ensure that your conveyancing practitioner is on the Nottingham approved list. As to the subsequent steps this very much depends on the uniqueness of your transaction, desire for the property and on the state of the market. During a buoyant market the majority of purchasers will apply for a home loan with Nottingham and arrange for the valuation and only if it was satisfactory would they pay their property lawyer to proceed with searches.
I am buying a new build house in Norbury benefiting from help to buy. The builders would not reduce the amount so I negotiated 6k of extras instead. The sale representative told me not reveal to my conveyancer about this side-deal as it would jeopardize my mortgage with Clydesdale. Is this normal?.
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 am thinking of appointing a conveyancing lawyer in Norbury for my home move. Is there any facility to check a solicitor's record with the legal regulator?
One can find documented Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The regulator may monitor telephone calls for training purposes.
I am looking for Norbury conveyancing quotes online. Can I be sure that all the Norbury firms that are listed on your directory are on the lender conveyancing panel?
The law firms on our directory have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Norbury firm being on the bank conveyancing panel is incorrect.