When can the exchange of contracts take place for sale conveyancing in Teddington and do I need to attend the conveyancers branch?
If you are round the corner to our conveyancing solicitors in Teddington you are welcome to attend to sign contracts. However, the lender approved solicitors we work with provide a national conveyancing service and provide as equally detailed and professional a job for you when communicating with you digitally. The executing of the contract is not the critical part. Signing on the dotted line is just a prerequisite for the firm to officially exchange at the appropriate time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Teddington)to be in the office at the appropriate time.
We're in Teddington, First timers purchasing with a mortgage (lender is Co-operative , and our lawyer is on the Co-operative conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Co-operative conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am the sole beneficiary of my late grandmother’s will and I have everything in my name alone, including the my former home in Teddington. The Teddington property was put into my name in May. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my proprietorship will be regarded the same way as though I had purchased the house in May. Is the property unsalable for six months?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How sensible a view mortgage companies take of it, depend on the bank as this clause is primarily there to identify subsales or the flipping of property.
After shopping around on the internet I have found a Teddington property lawyer having checked that they are on the Skipton conveyancing panel. Does my lawyer arrange the survey of the property?
Skipton will need an independent valuation of the property. Your lawyer will not arrange this. Usually Skipton will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Teddington postcode. As you are getting a mortgage with Skipton, you could contact them to see if they have a list of approved surveyors in Teddington.
Leeds Building Society have agreed my home loan in principle, my offer on a house in Teddington has been agreed to, what happens next?
Your estate agent will need to know who your solicitors are (ensure that the conveyancing practitioners are on the bank’s approved list). Telephone Leeds Building Society or your broker and finalise any appropriate forms. Leeds Building Society will sellect a valuer who will get in contact with the estate agent or vendor to arrange a time for the valuation to occur. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Leeds Building Society will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Teddington.
How easy is it to transfer to a new conveyancer as I have to choose one who is on the Virgin Money conveyancing list. I instructed a local conveyancing solicitor in Teddington five minutes from me but the firm is not accepted by Virgin Money
We will our best to assist in finding you a conveyancing solicitor in Teddington on the Virgin Money panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Teddington. In utilising search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Teddington.
My husband and I are 14 days into a residential purchase having been directed to a firm by the estate agent to carry out the conveyancing in Teddington. I am am extremely dissatisfied with the level of service. Can you help me find new solicitors?
They would have to be really poor to suggest replacing them. Has your loan offer been issued? In the event that it has you will need to make them aware of the new contact details and get the mortgage documents are re-issued. The solicitor ideally should be on the lenders panel to avoid added charges and complications. So that should be your first question of the new solicitors. The find a solicitor tool should assist you in finding a bank approved solicitor for your home move in Teddington
Should I cancel the direct debit for my mortgage with Yorkshire BS as soon as a completion date for my sale in Teddington has been set?
You are best advised to maintain paying any mortgage payments to Yorkshire BS until the mortgage is paid off on completion as part of your Teddington conveyancing.