Finally, a mortgage agreement from Santander for the refinancing of my 4 bedroom flat is expected any day now. Are you able to suggest a cheap conveyancing practitioner in Addlestone?
You are on the wrong site if you are seeking the cheapest conveyancing in Addlestone. Our aim is to provide value for money conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing organisations enticing you with £100 conveyancing in Addlestone. At best, in choosing a lawyer for cheap conveyancing, you will get your money’s worth and at worst it will result in you being stung for additional fees and still not receive the service you were looking for.
We are approaching an exchange on a house in Addlestone and my parents have sent the exchange deposit to my conveyancer. I am now advised that as the deposit has not come from me my conveyancing practitioner needs to make a notification to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I advised the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
The solicitor is legally required to check with the bank to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
As a FTB what is the most important advice you can impart about purchase conveyancing in Addlestone?
You may not hear this from too many lawyers but conveyancing in Addlestone and elsewhere in England and Wales is an adversarial process. Put another way, when it comes to conveyancing there exists lots of room for friction between you and other parties involved in the legal transfer of property. For example, the vendor, selling agent and even potentially your mortgage company. Choosing a solicitor for your conveyancing in Addlestone should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the process whose responsibility is to act in your best interests and to keep you safe.
Every so often a third party with a vested interest will attempt to convince you that you should follow their advice. For instance, the property agent may claim to be helping by claiming that your solicitor is dragging his heels. Or your financial adviser may try to convince you to do take action that is against your solicitors advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
The deeds to my house are lost. The solicitors who did the conveyancing in Addlestone 10 years ago have long since closed. What are my next steps?
Assuming the title is registered the details of your ownership will be held by the Land Registry with a Title Number. It is easy to execute a search at the Land Registry, locate your house and order up to date copies of the property title for a small fee. Where the property is Leasehold then the Land Registry will usually retain a file duplicate of the Registered Lease and again, a copy can be ordered for twenty pounds.
How does conveyancing in Addlestone differ for new build properties?
Most buyers of new build or newly converted property in Addlestone approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is completed. This is because house builders in Addlestone tend to acquire 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 conveyancers 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 Addlestone or who has acted in the same development.
I need to instruct a conveyancing lawyer in Addlestone for my home move. Is there any facility to review a solicitor's record with the profession’s regulator?
One can find published Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Go to Check a solicitor's record. For details Pre 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The SRA could monitor telephone calls for training purposes.