When it comes to mortgage companies such as Kent Reliance, do Woolwich solicitors have to pay an annual charge to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I was told two weeks ago that my mortgage has been agreed to by Nationwide. Is it usual for Nationwide to only issue the offer once my solicitor in Woolwich is approved on their conveyancing panel? Nationwide have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have finally had an offer on a maisonette in Woolwich agreed to, the sellers do nevertheless have a tied purchase. The vendors have placed an offer on a property, however it’s not been accepted yet, and have viewings of other flats booked. I have chosen a high street conveyancing solicitor in Woolwich. What should be my next step? When should I get the mortgage application with UBS going?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is in the region of one thousand pounds, then valuation, Woolwich conveyancing search charges, etc). First, you should check that your lawyer is on the UBS conveyancing panel. Concerning the subsequent steps this very much depends on the uniqueness of your case, desire for the property and on the state of the market. In a hot market the majority of home buyers would apply for a home loan with UBS and arrange for the valuation and only if it was satisfactory would they request their conveyancer to proceed with the conveyancing in Woolwich.
I am buying a property and the solicitor has raised the issue of Chancel Repair to which the property may be liable as it falls into the area of such a church. She has suggested insurance. Is this really warranted for conveyancing in Woolwich
Unless a prior purchase of the premises took place post 12 October 2013 you may assume that conveyancing practitioners delivering conveyancing in Woolwich to continue to advocate a chancel search and or insurance against a claim.
I have a 4 bedroom Victorian house in Woolwich. Conveyancing lawyer acted for me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the exact same address. Is it worth asking Godiva Mortgages Ltd to clarify?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Woolwich and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing lawyer who conducted the work.
I'm purchasing my first flat in Woolwich with the aid of help to buy. The sellers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not reveal to my conveyancer about the deal as it will impact my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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 am looking for a flat up to £305k and found one near me in Woolwich I like with amenity areas and transport links nearby, however it only has 49 years on the lease. There is not much else in Woolwich for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage that many years will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
How much will conveyancing in Woolwich cost?
The total sum levied for conveyancing in Woolwich are likely to be calculated at:
- a fixed charge; or
- on a time spent basis (i.e. the time spent on the particular case).
In practice very few Woolwich conveyancing companies charge by the clock