My husband and I are buying a new build apartment in Old Ford and my lawyer is informing me that she is duty bound to the mortgage company to disclose incentives from the seller. I am on a tight deadline to exchange contracts and I would rather not delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We are buying a apartment in Old Ford. It might be a silly question but how we can trust a lawyer? At some point we will need to put funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We had appointed conveyancing lawyers based in Old Ford on the Kent Reliance solicitor approved list. They are now charging me a separate sum for dealing with the Kent Reliance mortgage. Is this a supplemental conveyancing fee specified by Kent Reliance?
Provided it is contained in their Terms and Conditions or estimate then yes your conveyancing practitioner is entitled to charge a fee for this. This fee is not set by Kent Reliance but by your Old Ford lawyer. Some firms on the Kent Reliance panel will quote ’dealing with mortgage’ fee and others do not.
We have a mortgage agreed in principle with UBS. Old Ford conveyancing solicitors were appointed. What is the average time that one could expect to receive a mortgage offer from UBS?
There is no definitive answer here. Have UBS done the survey? Have you informed UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I used Action Conveyancing several years past for my conveyancing in Old Ford. I now require my papers however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Old Ford of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Old Ford differ for newly converted properties?
Most buyers of new build or newly converted property in Old Ford approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because developers in Old Ford typically 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 conveyancers 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 accustomed to new build conveyancing in Old Ford or who has acted in the same development.
What makes your site different to alternative web based conveyancing solicitors for conveyancing in Old Ford?
At this site get a fixed fee quote from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Old Ford. Unlike many estate agents and many comparison sites we do not operate kick-back arrangements with solicitors. Many agents and online brokers 'recommend' solicitors who pay the most per referral, rather than the best value conveyancing in Old Ford
My brother has encouraged me to use his conveyancing solicitors in Old Ford. Do I take his guidance?
There are no two ways about it the ideal way to choose a conveyancing lawyer is to get guidance from friends or relatives who have actually previously instructed the solicitor you're contemplating using.