I have just been advised by my lender that my Shadwell the law firm I have appointed is not on the bank Conveyancing panel. How can I be certain whether this is indeed the case?
You need to contact your Shadwell lawyer directly. You lawyer should inform you of the situation. If they are not on the panel they may recommend you to a Shadwell conveyancing practice that is on the conveyancing panel for your lender.
The owners of the house we are hoping to buy have instructed a conveyancing practitioner in Shadwell who has recommended a preliminary contract with a deposit of 5k. Are such agreements sensible?
This form of preliminary agreement isn't common in Shadwell, conveyancers are not keen on them as they detract from the main conveyancing focus and if you end up losing your deposit then the lawyer at best left with an upset client and at worst a litigious one. In addition, there is no guarantee that just because the owner has executed an exclusivity agreement they will sell to you. They may breach the contract if they are offered a big enough offer to do so because an aggrieved claimant with the benefit of a exclusivitycontract will still be obliged show losses as a consequence of the breach and this may not amount to the extra amount that your vendor may secure by reneging on the contract, no matter how morally reprehensible that may be.
Do I have to visit the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Shadwell so that I can pop in to their offices when needed.
Most approved lawyers for banks carry out all of the work through Royal Mail, e-mail or over phone calls. This means that they can undertake the conveyancing transaction no matter where you live in the country. However you should see if you have the option of going to the offices of your conveyancing lawyer if needed.
I am assisting my mother sell her property in Shadwell. Will the solicitor commission the EPC or should I organise this?
After the abolition of Home Information Packs, EPC’s was retained a compulsory component of moving property. An EPC needs to be to hand in advance of the property being advertised. This is not something that solicitors normally organise. Where you are using a Shadwell conveyancing lawyer they might be willing to arrange EPC’s given their contacts with reputable local accredited person
We previously selected conveyancers based in Shadwell on the Coventry BS solicitor approved list. They have just invoiced me a supplemental charge for the legal aspects of the Coventry BS mortgage. Is this a supplemental conveyancing fee set by Coventry BS?
Provided it is contained in their Terms and Conditions or estimate then yes your property lawyer may charge a fee for this. This charge is not dictated by Coventry BS but by your Shadwell property lawyer. Plenty of firms on the Coventry BS panel will charge an ‘acting for lender’ fee but some firms include it on their overall fee.
My sealed bid on a detached house in Shadwell has been accepted, the vendors do nevertheless have a tied purchase. The owners have placed an offer on a property, however it’s not yet agreed to, and are looking at other apartments in the pipeline. I have instructed a high street conveyancing solicitor in Shadwell. What should be my next step? At what stage do I apply for the mortgage with TSB?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then valuation, Shadwell conveyancing search charges, etc). First, you should check that your conveyancing practitioner is on the TSB approved list. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. During a hot market the majority of home buyers will apply for the mortgage with TSB and pay for the valuation and only if it was satisfactory would they request their lawyer to proceed with searches.
I got the keys to my house on 4 April and the transaction details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Shadwell advises it should be recorded inside ten days. Are properties in Shadwell uniquely lengthy to register?
As far as conveyancing in Shadwell is concerned, registration is no faster or slower than the rest of England and Wales. Rather than based on location, timescales can vary according to the party submitting the application, whether it is in order and whether the Land registry must send notices to any third persons or bodies. Currently roughly 80% of such applications are completed in less than three weeks but occasionally there can be protracted delays. Historically registration takes place once the buyer is living at the premises therefore an expedited registration is not typically primary concern but if there is a degree of urgency associated with the registration then you or your conveyancer can contact the land registry and explain the circumstances.
Is it best to choose a Shadwell conveyancing lawyer based in the vicinity that I am hoping to buy? I have an old university friend who can perform the conveyancing however her office is 400kilometers drive away.
The benefit of a local Shadwell conveyancing firm is that you can attend the office to execute documents, present your ID and pester them where appropriate. Having local Shadwell know how is a bonus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and in the main were impressed that should outweigh using an unfamiliar Shadwell conveyancing lawyer just because they are Shadwell based.