We are purchasing a 3 bedroom flat in Paddington with a mortgage. We have a Paddington solicitor, but the bank advise he's not on their "panel". It seems we have no choice but to instruct one of the bank panel conveyancing practices or continue with our Paddington property lawyer and pay for one of their panel ones to represent them. We regard this is unjust; can we not require that the mortgage company use our Paddington lawyer ?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Paddington conveyancing lawyer to apply to be on the conveyancing panel.
Can the conveyancing solicitors identified through your search tool carry out auction conveyancing in Paddington?
There are a number of auction solicitors we can put you in touch with those conducting auction conveyancing. Paddington is just one of the many locations where our lawyers cover.
I just bought a house at auction in Paddington. Conveyancing is required. What is next?
Having legally bound yourself to purchase you must choose a conveyancing solicitor soon as you will have a pending deadline in which to complete the deal. All auction property should have an associated legal pack. This will likely include most,if not all of the paperwork that your solicitor requires. If you have purchased leasehold premises the legal pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You should hand this to the lawyer working for you at the earliest opportunity. You also need to ensure that your finances are in place to complete on the date specified in the contract.
The formalities of my remortgage has taken place for my property in Paddington. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
My sealed bid on a house in Paddington has been accepted, the owners do nevertheless have a connected purchase. The sellers have placed an offer on a flat, but it’s not been accepted yet, and are looking at other properties in the pipeline. I have instructed a high street conveyancing solicitor in Paddington. What do I do now? When do I get the mortgage application with Barclays started?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx one thousand pounds, then valuation, Paddington conveyancing search charges, etc). First, you should ensure that your conveyancing practitioner is on the Barclays conveyancing panel. As to the subsequent stages this very much depends on the specifics of your case, attraction to this property and on the state of the market. During a buoyant market some buyers will apply for the mortgage with Barclays and arrange for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to move forward with the conveyancing in Paddington.
Due to the advice of my in-laws I had a survey completed on a property in Paddington in advance of retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies tend refuse to issue a mortgage on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Paddington. Conveyancing may be slightly more expensive based on your lender's requirements.
What makes your site different to other web based conveyancing solicitors for conveyancing in Paddington?
At this site receive an accurate quote via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Paddington. As opposed to estate agents and many comparison sites we do not have commission deals with solicitors. Many agents and online brokers 'recommend' solicitors who pay the most commission, not the best value conveyancing in Paddington
My wife and I intend to acquire our first home in Paddington. Conveyancing practitioner already instructed. The broker suggested that a survey is not needed as the house is only 17 years old.
You would be best advised to take a Home Buyer's Report. Given the residence is more than 10 years old the property will not benefit from a warranty, so you don't want to take a risk. Where a property of this age shows no signs of problems a Home Buyer's report could be sufficient. They will highlight any apparent problems and suggest additional investigation where appropriate. If there are any signs of problems get a comprehensive structural survey.