The loan agreement from Nationwide for the refinancing of my single bedroom apartment is expected by the end of next week. Are you able to recommend a low cost conveyancing solicitor in Bexleyheath?
You have come to the wrong place to search for the lowest fares for conveyancing solicitors in Bexleyheath. We can offer you affordable conveyancing but we do not work with the cheapest lawyers. Do not be seduced by companies seducing you with £100 conveyancing in Bexleyheath. The optimum result, in deciding on low cost conveyancing, you will receive what you pay for and at worst it will result in you with a surprising uplift in additional fees and still not receive the service required.
We have very assertive sellers who has insisted on a exclusivity agreement with a payment two thousand pounds. Are such agreements generally advanced for Bexleyheath conveyancing transactions?
There are two primary drawbacks with entering into any lock out contract (occasionally referred to as an exclusivity agreement) is that it diverts attention away from progressing with the conveyancing work, so in the absence of it needing minimal or no negotiation then it could turn out to be a cause of frustration and delay. It is not strongly advocated amongst Bexleyheath conveyancing solicitors as a result. A further negative is the extent of the remedies available - a jilted buyer should not expect to win injunctive relief to bar the vendor selling to another buyer, so the only remedy available under the agreement will be the recovery of wasted charges and, in rare circumstances, the extra payment of penalties.
What does my ID and proof of funds have anything to do with my conveyancing in Bexleyheath? What am I being asked for?
Bexleyheath conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).
Evidence of source of funds is also necessary under the money laundering regulations as conveyancers are obliged to check that the funds you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase monies where you are buying without a mortgage) has originated from a reputable source (such as an inheritance) as opposed to the product of illegitimate activity.
I am planning to acquire a property and need a conveyancing solicitor in Bexleyheath who is on the Alliance & Leicester conveyancing. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Alliance & Leicester in certain locations such as Bexleyheath. We dont recommend any particular firm.
What is the difference between a licensed conveyancer and conveyancing solicitor in Bexleyheath
There are many recorded licenced Conveyancers in Bexleyheath and Solicitor practices in Bexleyheath offering conveyancing It is important to make clear that both are regulated professionals specialising in the legal work in transferring property. The two can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
After weeks of negotiation I have agreed a price on a house in Bexleyheath. My mortgage broker recommended their conveyancers. I paid an upfront payment of £225. Soon after, the solicitor called me to say that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have instructed a Bexleyheath lawyer having checked that they are on the UBS conveyancing panel. Does my lawyer arrange the survey of the property?
UBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually UBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Bexleyheath surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Various internet forums that I have come across warn that are the number one cause of obstruction in Bexleyheath conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in Bexleyheath.