I have just been advised by my mortgage adviser that my Shepherd's Bush solicitor is not on the lender Conveyancing panel. What can I do to be sure if this is correct?
Your first step should be to contact your Shepherd's Bush lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they may be able to suggest a Shepherd's Bush conveyancing firm that is on the approved list of lawyers for your bank.
Me and my partner are soon to complete buying a house in Shepherd's Bush but as a consequence of wreckage from a small fire at the property I have managed to agree reparation from the current proprietors of £3k taking the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process however Santander will not agree to this. Should they have been approached?
Any conveyancer that is on the Santander approved list is required to inform Santander of any amendments to the sale price. If you were to refuse your conveyancing practitioner to disclose the price change to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new conveyancer for your conveyancing in Shepherd's Bush.
Do the Building Society Association intend to launch a online directory to to identify practices on the Earl Shilton BS conveyancing panel for instance in Shepherd's Bush?
Lexsure has not been advised of any intention on the part of the BSA to develop such a search facility.
How does conveyancing in Shepherd's Bush differ for newly converted properties?
Most buyers of new build or newly converted property in Shepherd's Bush approach 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 Shepherd's Bush tend to 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 used to new build conveyancing in Shepherd's Bush or who has acted in the same development.
I decided to have a survey completed on a house in Shepherd's Bush ahead of retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some lenders may not grant a loan on this type of home.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Shepherd's Bush. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Shepherd's Bush to see if the conveyancing will be more expensive.
Am I best advised to go with a Shepherd's Bush conveyancing lawyer in close proximity to the house I am purchasing? An old friend can execute the conveyancing however his firm is located approximately 350kilometers drive away.
The primary upside of using a local Shepherd's Bush conveyancing practice is that you can drop in to sign paperwork, hand in your identification documents and apply pressure on them where appropriate. Having local Shepherd's Bush know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and on the whole were impressed that should surpass using an unfamiliar Shepherd's Bush conveyancing solicitor solely due to them being based in the area.