I plan on acquiring a ground floor flat in Wapping. My Solicitor has never been on on the mortgage company approved panel. Can I still use my Wapping conveyancing solicitor notwithstanding that they are excluded from the mortgage company approved list?
Your options include
- Carry on with your chosen Wapping lawyer but your mortgage company will need to use a conveyancer on their approved list. The net result is additional cost and potential delay.
- Choose a new solicitor to conduct the conveyancing, obviously checking they are on the mortgage company conveyancing panel.
- Convince your conveyancing practitioner to apply to join the mortgage company panel
We are acquiring a new build duplex in Wapping and my solicitor is telling me that she is duty bound to the bank to reveal incentives from the seller. The Estate Agents are hassling me to exchange and I don't want to delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We are buying a flat in Wapping. I might seem paranoid but how we can trust a solicitor? On the day of competition we will need to send our life savings into their account. What is the protection 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 am planning to move property in August. Does my conveyancing solicitor call the removal company on the day of completion. Incidentally, can you suggest a removal company in Wapping. Conveyancing lawyer was found prior to coming across your website.
On the day of completion you will need to collect the house keys from your property agent but this should only take place when the vendors solicitors confirm to the agent that they acknowledge receipt of the completion payment and the keys can be passed over. After that you can tell the removal company that you are ready to move in. We are not in a position to recommend a particular removal organisation but can help you locate a conveyancing in Wapping or a lawyer with expertise in conveyancing in Wapping.
We had selected solicitors located in Wapping on the Co-operative solicitor approved list. They have just invoiced me a further sum for dealing with the Co-operative mortgage. Is this an additional conveyancing fee set by Co-operative?
Unfortunately, as long as it is in their Terms of Engagement or Quote then yes your lawyer may levy a fee for this. This charge is not dictated by Co-operative but by your Wapping solicitor. Numerous firms on the Co-operative panel will levy an ‘acting for lender’ fee but many practices include it on their overall fee.
About to purchase a new build flat in Wapping. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Wapping
-
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
My uncle has urged me to use his lawyers for conveyancing in Wapping. Do I take his guidance?
No doubt the ideal way to find a conveyancing solicitor is to seek guidance from friends or relatives who have actually previously instructed the conveyancer you're are thinking of instructing.
Me and my wife are selling a Wapping flat left to us 8 years ago in 2010. I have over a decades worth of conveyancing know-how and, now retired, intend to do my own conveyancing. The purchaser's conveyancing practitioner has informed me that their Lenders will not allow us to do our own conveyancing insisting the funds to be transferred to a solicitor's bank account.
Mortgage requirements to lawyers from all CML members specify that If the seller does not have legal representation the purchaser’s lawyers should check whether the lender needs to be told so that a decision can be reached as to whether or not they are prepared to progress.