The mortgage offer from NatWest for the remortgage of my 3 bedroom maisonette is to be issued any day now. Could you put forward a low cost conveyancing lawyer in Raynes Park?
This site is not designed to aid those in pursuit of the lowest fares for conveyancing solicitors in Raynes Park. Our intention is to offer excellent value conveyancing but we do not work with the cheapest lawyers. Resist the temptation to appoint companies enticing you with ninety nine pound conveyancing in Raynes Park. In your best case scenario, in going for low cost conveyancing, you will get your money’s worth and at worst it will result in you being stung for additional fees and still not receive the service you were looking for.
When does exchange of contracts occur in residential conveyancing in Raynes Park and am I required to be at the conveyancers branch?
If you are in close proximity to one of the conveyancing solicitors in Raynes Park you are invited in to sign the paperwork. However, the law practices we work with offer countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when communicating with you digitally. The signing of the contract is not the point of no return. A signed contract simply enables the firm to officially exchange when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Raynes Park)to be in the office available at the end of the phone to exchange contracts.
Are all Raynes Park Conveyancing Quality Solicitors on the Santander conveyancing panel?
A selection of lenders now utilise the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
The mortgage over my property is with Kent Reliance for my property in Raynes Park. Conveyancing has been completed 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Kent Reliance?
Your original mortgage agreement with Kent Reliance will provide that you need their approval in advance of renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel firm.
Clydesdale have agreed my home loan in principle, my bid on a flat in Raynes Park has been accepted, now what?
Your property agent will need to be advised as to your conveyancing practitioner's details (ensure that the conveyancing practitioners are on the bank’s panel). Contact Clydesdale or your financial adviser and complete any outstanding forms. Clydesdale will sellect a valuer who will get in contact with the selling agent or owners to book a time for the valuation to happen. Once carried out (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Clydesdale will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Raynes Park.
I have been told that property searches are the main reason for hinderance in Raynes Park house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Searches are not likely to feature in any holding up conveyancing in Raynes Park.
Are there restrictive covenants that are commonly identified as part of conveyancing in Raynes Park?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Raynes Park. 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 Raynes Park differ for new build properties?
Most buyers of new build premises in Raynes Park contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is constructed. This is because house builders in Raynes Park 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 property lawyers 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 Raynes Park or who has acted in the same development.