Can the conveyancing lawyers via your comparison service execute conveyancing in Paddington by way of an attended exchange?
There are a few conveyancing specialists who can conduct attended exchanges. Do call us to obtain a fee calculation and details as to dates.
What does my ID and proof of funds have anything to do with my conveyancing in Paddington? Is this really necessary?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the identification documents of the person or body they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms and Conditions that you are required to sign will no doubt reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to hand over ID verification documents, your solicitor can not take you on as a client.
When it comes to mortgage companies such as Clydesdale, do Paddington conveyancing practitioners face a fee to be on the conveyancing panel?
We are not aware of any bank fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I'm in the throws of looking at houses in Paddington and I am about to put in an offer. Should I already have a lawyer appointed at this point? I will be getting a home loan with Bank of Ireland.
It would be advisable to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are seeking a mortgage with Bank of Ireland, make sure you remember to check that your lawyer is on the Bank of Ireland conveyancing panel.
I am currently in the process of buying my council flat in Paddington. I have a mortgage offer with Skipton. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
How does conveyancing in Paddington differ for newly converted properties?
Most buyers of new build or newly converted property in Paddington come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Paddington typically purchase the land, 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 accustomed to new build conveyancing in Paddington or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Paddington is where the house is located. What do you suggest?
Flying freeholds in Paddington are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Paddington you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Paddington may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My brother-in-law has suggested I instruct a conveyancing solicitor in Paddington. I I would like to check if they are on the bank's conveyancing panel. Could you assist?
You should contact your lawyer and ask them if they are on the lender's panel. If that does not help call us and we can make some checks for you. If they are not on the lender panel we can certainly arrange a quality conveyancing solicitor in Paddington on the panel for your mortgage company.