I am getting a offer of a home loan from Halifax. I would like to instruct a Licensed Conveyancer in South London. Does the Halifax Solicitor panel exclude conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I have a decision in principle. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel lawyer as I would much rather instruct a high street conveyancing solicitor in South London?
Do check but the chances are that appoint one of their panel conveyancers should you accept the "fee-free" offer. Speak to the bank and ask if they allow a monetary alternative. Some mortgage companies have previously offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near South London.
We are purchasing a 4 bedroom semi-detached house in South London. Our aim is to an extension at the rear at the property.Will legal investigations on the property include investigations to ascertain if these alterations are allowed?
Your solicitor should check the registered title as conveyancing in South London can occasionally identify restrictions in the title documents which prohibit categories of changes or require the permission of a 3rd party. Some works call for local authority planning permissions and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be sensible to check these things with a surveyor ahead of any purchase.
We had appointed solicitors based in South London on the Santander solicitor approved list. They have just billed me a separate charge for handling the Santander mortgage. Is this a supplemental conveyancing fee set by Santander?
Provided it is contained in their Terms and Conditions or estimate then yes your solicitor can charge a fee for this. The charge is not set by Santander but by your South London lawyer. Plenty of firms on the Santander panel will quote an ‘acting for lender’ fee and others do not.
I was told two weeks ago that my mortgage has been agreed to by Lloyds. Is it usual for Lloyds to only issue the offer once my solicitor in South London is approved on their conveyancing panel? Lloyds have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in South London differ for newly converted properties?
Most buyers of new build or newly converted property in South London come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is completed. This is because new home sellers in South London tend to buy the site, 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 South London or who has acted in the same development.
I'm converting the mortgage on my primary house to a buy to let mortgage with Virgin Money and intend to use the remaining equity towards a second house. The area we are talking about is South London. Will your conveyancers be able to act for both sets of mortgage companies and tie in the conveyances?
Do use our search tool on this page to be sure that the conveyancers are approved by both banks. Assuming that they are your solicitor will be able to tie up the two transactions but you should talk with you solicitor and specify your expectations and needs.
Are there any distinct benefits to choosing a high street lawyer in South London
Plenty of house movers in South London select a local lawyer so that they can pop into the firm’s offices just in case they have concerns, and to collect paperwork without using the Royal Mail.
One could allege that there is a marginal advantage in opting for a conveyancing practitioner local to a premises you are buying, due to the familiarity of the region and potential local issues - however this is moot. The majority of conveyancers undertaking their communications by way of email and could be based anywhere.