I am acquiring a new build apartment in South Acton and my conveyancer is telling me that she is duty bound to the bank to disclose incentives from the developer. I am nearing the developer’s deadline to exchange and I would rather not delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company 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.
Should our lawyer be raising questions about flooding as part of the conveyancing in South Acton.
The risk of flooding is if increasing concern for solicitors dealing with homes in South Acton. Plenty of people will acquire a property in South Acton, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to impart advice on flood risk, however there are a number of checks that may be carried out by the buyer or by their lawyers which can figure out the risks in South Acton. The conventional set of information sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the owner to find out whether the premises has suffered from flooding. In the event that flooding has previously occurred which is not disclosed by the owner, then a buyer may issue a compensation claim resulting from an inaccurate answer. A buyer’s solicitors may also carry out an environmental report. This will indicate if there is any known flood risk. If so, additional inquiries will need to be initiated.
I used Wolstenholmes several years ago for my conveyancing in South Acton. I now require my papers however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in South Acton of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
What does commercial conveyancing in South Acton cover?
South Acton conveyancing for business premises incorporates a broad array of advice, provided by qualified solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
In surfing the internet for the words on line conveyancing in South Acton it brings up many conveyancersin the vicinity. With so much choice what is the best way to find the suitable property lawyer for me?
The best method of finding a suitable conveyancer is through a personal recommendation, so ask colleagues and relatives who have acquired a property in South Acton or the local estate agent or financial adviser. Costs for conveyancing in South Acton vary, so it's sensible to obtain a minimum of three fee estimates from different conveyancers. Make sure that you clarify what costs in the quote includes.
I have just placed an offer on an apartment in South Acton and the broker that we are dealing with recommended his property lawyer. He quoted £800 including VAT and disbursements. Does this sound like a good deal?
Don't just go on 1 estimate. You should seek like-for-like quotes for your conveyancing in South Acton. Then pick one that you are comfortable with and crucially, is on the approved panel of the lender that you are sourcing your mortgage from.