Why do I have to pay up front for conveyancing in St Pancras?
If you are buying a property in St Pancras your lawyer will request that you place them with funds to cover the search fees. Ordinarily this is called for to cover the fees of the conveyancing searches. If any down payment is payable against the total price then this will be needed immediately prior to contracts are exchanged. The final balance that is needed should be sent to your lawyer a few days prior to the day of completion.
My lawyer in St Pancras has never been on on the Barclays Approved Panel. Can I still use my prefered solicitor even though they are excluded from the Barclays list of approved lawyers?
The limited options available to you here include:
- Complete the purchase with your existing St Pancras solicitors but Barclays will need to retain a lawyer on their list of acceptable firms. This will inevitably rack up the total conveyancing fees as well as result in frustration.
- Get a new lawyer to to deal with the purchase, obviously checking they are on the Barclays panel
What can a local search reveal concerning the property we're buying in St Pancras?
St Pancras conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company for example Searchflow The local search is essential in every St Pancras conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search should provide information 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 subject sections.
I'm buying my first flat in St Pancras benefiting from help to buy. The sellers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not inform my solicitor about this extras as it would affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Are there any apps to help locate a St Pancras law firm on the Coventry Building Society conveyancing panel? I drive a motor bike and am happy to travel upto 10miles to meet the conveyancer.
You can use the tool on this website. Please choose the bank and your location and you will see a number of St Pancras conveyancing lawyers based on proximity. We have listed some St Pancras conveyancing firms at the bottom of this page and you can ring them to see whether they are on the Coventry Building Society panel
My husband and I are new on the property ladder - agreed a price, but the agent informed us that the seller will only go ahead if we use the agent's chosen lawyers as they want a ‘quick sale’. Our preferred option is to instruct a local conveyancer accustomed to conveyancing in St Pancras
It is improbable the vendors are driving this. If they want ‘a quick sale', taking such a hostile approach to a motivated purchaser is not the way to achieve this. Contact the vendors directly and explain that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you are going to appoint your preferred St Pancras conveyancing firm - not the ones that will give the estate agent a referral fee or achieve conveyancing figures demanded by corporate headquarters.