I have a decision in principle. The bank mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel lawyer as I would prefer to instruct a Sydenham based conveyancing firm?
You should check but the the probability is that give you one of their panel solicitors where you want the "fee-free" incentive. Call the bank to see if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Sydenham.
This question may be naive but I am wet behind the ears as FTB of a two bedroom flat in Sydenham. Do I receive the keys to the property on completion from my solicitor? If this is the case, I will instruct a High Street conveyancing solicitor in Sydenham?
On the day of completion you will not be required to attend the conveyancers office in Sydenham. Your solicitors will arrange to send the purchase money to the owner’s conveyancers, and shortly after the monies have arrived, you should be able to receive the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
We had appointed conveyancers with offices in Sydenham on the Kent Reliance solicitor approved list. They are now charging me a further amount for dealing with the Kent Reliance mortgage. Is this a supplemental conveyancing fee set by Kent Reliance?
Provided it is contained in their Terms and Conditions or Quote then yes your property lawyer is entitled to levy a fee for this. This charge is not dictated by Kent Reliance but by your Sydenham property lawyer. Numerous firms on the Kent Reliance panel will quote an ‘acting for lender’ fee but plenty of practices include it on their overall fee.
I have decided to exercise my right to buy my property in Sydenham off the council. I have a mortgage agreed with TSB. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
Various web forums that I have frequented warn that are the number one cause of hinderance in Sydenham conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Sydenham.
Are there restrictive covenants that are commonly identified during conveyancing in Sydenham?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Sydenham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking to sell my home. My previous conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Sydenham if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Sydenham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Our solicitor in Sydenham has uncovered a a problem with the lease for the property we are buying in Sydenham. The other side have suggested title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer says that as he is on the mortgage company conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or the lender?
Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Sydenham conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the mortgage company are the client. The appropriate lender requirements must be adhered to by the lender conveyancing panel who has to balance acting for you and the bank