I am searching for value for money conveyancer. Should I go for for a national conveyancer or a family Piccadilly conveyancing solicitor?
On the whole conveyancing lawyers in your location will benefit from excellent alliances with your local authority, which can assist with the Piccadilly conveyancing searches that your conveyancer will require on your transaction. It can only assist if they have existing connections with the Land Registry in your area Piccadilly, other property lawyers in the location and Piccadilly property agents.
My Piccadilly conveyancer has discovered a discrepancy between the assumptions in the valuation report and what is in the conveyancing documents. My solicitor has advised that he must ensure that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance appropriate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I have been told that property searches are the main reason for stalling in Piccadilly house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Piccadilly.
Are there restrictive covenants that are commonly picked up during conveyancing in Piccadilly?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Piccadilly. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Piccadilly differ for newly converted properties?
Most buyers of new build property in Piccadilly come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because builders in Piccadilly typically acquire the site, 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 Piccadilly or who has acted in the same development.
Myself and my partner have just had an offer accepted on a house and had an appointment on Wednesday with Nationwide for the mortgage. They advised us that when it comes to selecting a conveyancing practitioner that if they are not on their approved list of solicitors then we will incur an additional fee of £250+. This is because they will then have to select a property lawyer to act for them as well as the one we select on our behalf and we assume responsibility for their costs. I have requested Nationwide to supply me with a list so I can obtain estimates only from their approved solicitors but was told that I need to check with each individual conveyancer to see if they are on the panel. What would be the best way of going about this?
Ask Nationwide what their criteria for joining their panel is for a solicitor.Then ask the conveyancing practitioner of your choice whether they meet the criteria and have they acted on loans for Nationwide historically. If the answer to those is yes, then just clarify this with Nationwide. Another option is to make use of our search tool and we should be able to locate a conveyancing practitioner in Piccadilly on the approved list for Nationwide.