I am acquiring a newly constructed flat in Thames View and my lawyer is telling me that she has to the mortgage company to reveal incentives from the seller. I am on a tight deadline to exchange and I don't want to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company 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.
I have justfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Thames View for a purchase of a leasehold apartment 12 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The easiest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Thames View conveyancing specialists.
How does conveyancing in Thames View differ for new build properties?
Most buyers of new build property in Thames View come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Thames View typically buy the land, 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 conveyancing solicitors 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 Thames View or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Thames View is the location of the property. Can you offer any assistance?
Flying freeholds in Thames View are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Thames View you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Thames View may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How simple is it to switch firm as I need to retain a firm on the Alliance & Leicester conveyancing list. I was using a local conveyancing solicitor in Thames View round the corner but she is not approved by Alliance & Leicester
We will our best to assist in finding you a conveyancing solicitor in Thames View on the Alliance & Leicester panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in Thames View. Using search facility on this site, you can scrutinise fees for conveyancing solicitors in Thames View and beyond.
My brother has recommend that I use his lawyers for conveyancing in Thames View. Should I find my own solicitor?
Much as we are happy to recommend a Thames View conveyancing lawyer it’s preferable to choose a conveyancing practitioner is to seek guidance from friends or family who have actually used the conveyancer that you are are thinking of instructing.