I am nearing exchange of contracts for my maisonette in Woodford Green and the estate agent has just e-mailed to say that the buyers are swapping conveyancer. The excuse is that the lender will only work with solicitors on their approved list. Why would a big named lender only deal with specific solicitors rather the firm that they want to select to handle their conveyancing in Woodford Green ?
Mortgage companies have always had panels of law firms they are content to work with, but in the last few years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for over 25 years.
Lenders point to the increase in fraud by way of justification for the cull – criteria have been narrowed as a smaller panel is easier to keep an eye on. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are unlikely to have any impact on this.
We are purchasing our first home. Our conveyancing practitioner has messagedto enquire if we wish to take out extra conveyancing searches. We are really unsure what's needed for conveyancing in Woodford Green
The type of Woodford Green conveyancing searches depends entirely on the premises, the location, the probability of any of these risks, your familiarity of the region and risks, your overall approach to risk. What matters is that you properly understand what information each search could supply. Then you can decide if you consider that you need that information. If unsure, ask your conveyancer to guide you.
Will lawyers request money up-front for my conveyancing in Woodford Green?
Where you are retaining lawyers for conveyancing in Woodford Green your lawyer will request that you put them with monies to cover the search fees. Normally this is asked for to cover the fees of the conveyancing searches. When the down payment is payable against the purchase price then this should be required shortly ahead of contracts are exchanged. The final balance that is due should be transferred shortly before completion.
My partner and I are selling our home in Woodford Green and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A local lawyer would know this is not the case. It does beg the question why the purchasers instructed a national conveyancing outfit as opposed to a conveyancing solicitor in Woodford Green. We have lived in Woodford Green for six years we know of no issue. Should we contact our local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I am buying a new build apartment in Woodford Green. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Woodford Green
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are architect prepared. 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.
I am selling my house. My former solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Woodford Green if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Woodford Green. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.