I am selling my ground floor flat in Shepherd's Bush and the estate agent has just called to say that the purchasers are appointing a new property lawyer. The excuse is that the bank will only deal with property lawyers on their approved list. On what basis would a big named mortgage company only work with certain law firms rather the firm that they want to select to handle their conveyancing in Shepherd's Bush ?
Lenders have always had panels of law firms they are willing to work with, but in the last few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for more than 15 years.
Lenders blame a rise in fraud as the reason for the reduction – criteria have been stiffened as a smaller panel is easier to maintain. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are not going to have any impact on this.
My partner and I are purchasing a brand new duplex in Shepherd's Bush and my lawyer is informing me that she is duty bound to the bank to reveal incentives from the builder. The Estate Agents are hassling me to exchange and I would rather not prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
What can a local search inform me about the property my wife and I buying in Shepherd's Bush?
Shepherd's Bush conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for instance PSG The local search is essential in every Shepherd's Bush conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search should supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
I am looking into buying my first house which is in Shepherd's Bush and I am already nervous. I couldn't find anything specific about Shepherd's Bush. Conveyancing will be needed in due course but do you know about the Shepherd's Bush area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Shepherd's Bush. In the meantime here are some basic statistics that we found
My brother has urged me to instruct his conveyancers in Shepherd's Bush. Should I use them?
No doubt the ideal way to choose a conveyancing practitioner is to seek referrals from friends or relatives who have actually experience in using the conveyancer you're considering.
Why is New Build conveyancing in Shepherd's Bush more expensive?
Conveyancing in Shepherd's Bush for newly converted or new build homes can sometimes involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as further investigations and contractual considerations.