As I am unsure how the conveyancing bit works what is the most important advice you can impart about purchase conveyancing in West Dulwich?
You may not hear this from too many lawyers but conveyancing in West Dulwich or throughout South London is an adversarial process. Put another way, when it comes to conveyancing there exists plenty of opportunity for friction between you and other parties involved in the legal transfer of property. For instance, the vendor, selling agent and even potentially the mortgage company. Appointing a law firm for your conveyancing in West Dulwich is a critical decision as your conveyancer is your adviser, and is the SOLE party in the transaction whose responsibility is to act in your legal interests and to keep you safe.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone has to be at fault for the process being so protracted. We recommend that you should always trust your solicitor above all other players in the conveyancing process.
Is it correct that all West Dulwich CQS (Conveyancing Quality Scheme) solicitors are on the Virgin Money conveyancing panel?
A selection of lenders now utilise the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
My partner and I have arranged the release of further monies on our home loan from Skipton as we want to conduct renovations to our property in West Dulwich. Do we need to appoint a local West Dulwich solicitor on the Skipton conveyancing panel to handle the paperwork?
Skipton don't usually instruct firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Skipton conveyancing panel.
Nottingham have agreed my home loan in principle, my bid on a apartment in West Dulwich has been agreed to, now what?
The estate agent will wish to know who your solicitors are (make sure the solicitors are on the bank’s panel). Telephone Nottingham or your financial adviser and finalise any appropriate documentation. Nottingham will appoint a valuer who will get in contact with the selling agent or vendor to schedule a slot for the valuation to take place. Once carried out (assuming no problems) it takes about a week to get a mortgage offer. Nottingham will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in West Dulwich.
I am buying a property and the lawyer has referenced Chancel Repair for which the house may be obligated to contribute to as it falls into the area of such a church. She has suggested insurance. Is this really necessary for conveyancing in West Dulwich
Unless a prior purchase of the property completed after 12 October 2013 you can assume that lawyers handling conveyancing in West Dulwich to remain recommending a chancel search and or chancel repair liability policy.
Are there restrictive covenants that are commonly identified as part of conveyancing in West Dulwich?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in West Dulwich. 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…’
How does conveyancing in West Dulwich differ for new build properties?
Most buyers of new build or newly converted property in West Dulwich contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in West Dulwich 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 West Dulwich or who has acted in the same development.
What does commercial conveyancing in West Dulwich cover?
Commercial conveyancing in West Dulwich covers a broad array of advice, supplied by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.