My wife and I are hoping to acquire a house in Battersea and are in fact using a Battersea conveyancing practice. Within the last couple of days our solicitor has sent a preliminary report and documents to look through with the expectation that exchange is imminent. HSBC Bank have this morning contacted us to inform me that there is now an issue as our Battersea conveyancer is not on their conveyancing panel. Please explain?
Where you are buying a property with the assistance of a mortgage it is normal for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Battersea solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
I require fast conveyancing in Battersea as I am under an ultimatum to sign on the dotted line in less than 2 weeks. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are are a mortgage free buyer you have the choice not to have searches conducted although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Battersea the following are examples of what can appear and adversely impact future saleability: Enforcement Actions, Overdue Charges, Overdue Grants, Railway Schemes,...
I purchased my apartment on 13 January and the transaction details is yet to be registered. Need I be worried? My conveyancing solicitor in Battersea expressed confidence that it would be dealt with inside ten days. Are titles in Battersea uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Battersea registration formalities. As opposed to being determined by geographic area, timeframes can vary depending on the party submitting the application, whether it is in order and whether the Land registry need to notify any third parties. Currently roughly three quarters of submission are completed within two weeks but some can be subject to protracted hold-ups. Registration is effected once the purchaser has moved in to the property so post completion formalities is not typically top priority yet if it is urgent that the the registration takes place urgently then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.
Over the last few months I have been searching for a flat up to £195,000 and found one near me in Battersea I like with amenity areas and railway links in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Battersea in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage the remaining unexpired lease term may be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
Taking into account that I will soon part with 450k on a house in Battersea I wish to have a conversation with the lawyer concerning theconveyancing before appointing the firm. Can this be arranged?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you liaising with the lawyer who will be doing your conveyancing in Battersea.There is no ‘factory style conveyancing’ - every client is unique individual, not a case number. The law firms that we put you in touch with believe that the figure you are provided with for your conveyancing in Battersea should be the amount on the final invoice that you end up paying.
We're first time buyers - had an offer accepted, but the estate agent has warned us that the owners will only issue a contract if we instruct the agent's chosen solicitors as they need an ‘expedited deal’. We would rather use a family solicitor accustomed to conveyancing in Battersea
It is unlikely the owners are driving this. Should the owner want ‘a quick sale', taking such a hostile approach to a serious buyer is counter productive. Contact the owners directly and make sure they comprehend that (a)you are motivated buyers (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you are going to use your preferred Battersea conveyancing firm - not the ones that will earn their negotiator at the agency a referral fee or meet his conveyancing targets demanded by corporate headquarters.