We are hoping to buy a 3 bedroom apartment in South Harrow with a mortgage. We like our South Harrow lawyer, however the bank says he's not on their "panel". We have to appoint one of the mortgage company panel solicitors or retain our South Harrow lawyer and pay for one of their panel firms to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your South Harrow conveyancing lawyer to apply to be on the conveyancing panel.
I am buying a newly built duplex in South Harrow and my solicitor is telling me that she has to the bank to reveal incentives from the seller. I am under pressure to exchange and I have no desire to delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
As someone unfamiliar with the South Harrow conveyancing process what is your top tip you can give me concerning the legal transfer of property in South Harrow
You may not hear this from too many lawyers but conveyancing in South Harrow or throughout England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and other parties involved in the legal transfer of property. For example, the vendor, selling agent and on occasion a lender. Choosing a law firm for your conveyancing in South Harrow should not be taken lightly as your conveyancer is your adviser, and is the ONLY person in the transaction whose interest is to look after your best interests and to keep you safe.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone must be at fault for the process being so protracted. You should always trust your lawyer above all other parties in the conveyancing process.
The deeds to our property can not be found. The conveyancers who conducted the conveyancing in South Harrow 4 years ago no longer exist. What are my options?
Nowadays there are copies made of almost everything, and your conveyancer should know precisely where to find all the suitable documentation so you can buy or dispose of your property without any difficulty. If duplicates can’t be located, your conveyancer may be able to arrange cover in the form of insurance or indemnities against possible claims on your property.
What does commercial conveyancing in South Harrow cover?
Non domestic conveyancing in South Harrow incorporates a wide range of guidance, given by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases 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 tenancies.
In my capacity as executor for the estate of my aunt I am disposing of a property in Neath but live in South Harrow. My lawyer (approximately 235 kilometers awayhas requested that I sign a stat dec ahead of the transaction finalising. Can you recommend a conveyancing solicitor in South Harrow to witness this legal document for me?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are based in South Harrow