AssumingI were to purchase a straightforward homein Tottenham for cash and have no survey and no conveyancing searches how much should I expect to to save on my conveyancing in Tottenham?
The sole reduction in fees you would make on is the Tottenham conveyancing searches. Your lawyer is required to do the vast majority of work - money laundering, communicating with the sellers conveyancing practitioner, SDLT submission, register the title etc. A marginal saving might be made by not having to register a charge but it will not be meaningful.
My mortgage company has recommended a law firm on their panel based in Tottenham but I would rather instruct a conveyancing lawyer in Tottenham or nearer to where I live. Are you able to help?
It is by no means the case that all Tottenham conveyancing firms are listed all lender’s conveyancing panel. Use the above find an approved solicitor tool to choose a Tottenham conveyancing conveyancer on the on the mortgage company panel.
Me and my partner are buying a flat in Tottenham. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to put our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have paid off my mortgage with Nottingham. I assume I don't need a Tottenham conveyancer on the Nottingham panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
I am currently in the process of buying my council flat in Tottenham. I have a mortgage agreed with Bank of Ireland. 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 Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
I am purchasing a new build house in Tottenham with a loan from Aldermore. The builders refused to budge the price so I negotiated £7000 of additionals instead. The sale representative suggested that I not to tell my lawyer about the deal as it could put at risk my mortgage with Aldermore. Is this normal?.
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.
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, chain free conveyancing. Tottenham is where the house is located. Can you offer any guidance?
Flying freeholds in Tottenham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tottenham you would need to get your solicitor to go 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 Tottenham may determine 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 residence.
What is the best way of identifying a cost effective conveyancing in Tottenham?
Option 1 is to ask your friends and family they would would seek assistance from. Second, search the internet for conveyancing in Tottenham. Phone a couple or more firms from the list and request that they email you their conveyancing fees and speak to the lawyer who will conduct your conveyancing before you commit. Third is to make use of our search tool to help you find the right lawyers taking into account your unique requirements including location,speed, complexity and who your intended mortgage company is.Resist the temptation to appoint lowest cost conveyancing solicitors in Tottenham