When does exchange of contracts occur in purchase conveyancing in Brixton and do I need to be at the lawyers branch?
If you are in close proximity to one of the conveyancing solicitors in Brixton you are welcome to come in to sign contracts. That being said, the firms we recommend offer a countrywide conveyancing service and give just as comprehensive and professional a job for you when communicating with you electronically. The signing of the contract is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the firm to officially exchange at the suitable time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Brixton)to be in the office available at the end of the phone to exchange contracts.
I have a decision in principle. The lender mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel solicitor as I would prefer to instruct a local conveyancing solicitor in Brixton?
Do check but the chances are that allocate you one of their panel lawyers if you accept the "fee-free" incentive. Contact the bank to determine if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Brixton.
My solicitor has informed me that lack of building regulations insurance is necessary on my purchase. What is the level of cover for Brixton conveyancing?
The appropriate level of lack of building regulations indemnity insurance depends on who your lender is. It would differ for example between Barclays and The Mortgage Works. Conveyancing lawyers as opposed to borrowers take out such insurances.
When it comes to lenders such as Nottingham, do Brixton property lawyers incur a fee to be on the conveyancing panel?
We are unaware of any mortgage company fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
My wife and I have organised a further advance on our home loan from Bank of Ireland as we wish to conduct improvements to our home in Brixton. Do we need to select a bricks and mortar Brixton solicitor on the Bank of Ireland conveyancing panel to deal with the paperwork?
Bank of Ireland do not ordinarily require a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Bank of Ireland panel.
My partner and I are close to exchanging contracts on the sale of our house in Brixton and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any high street Brixton conveyancer would know this is not the case. For the life of me I don't know why the purchasers used a factory type conveyancing firm rather than a conveyancing solicitor in Brixton. We have lived in Brixton for three years we know that this is a non issue. Do we get in touch with our local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing firm already. Are they able to advise? You should enquire of 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 life insurance to cover that same ailment)
I opted to have a survey done on a house in Brixton in advance of retaining lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies tend not issue a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Brixton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Brixton to see if the conveyancing will be more expensive.
I have been recommended by three or four local property agents in Brixton to get a quote from a solicitor on your site. What’s the financial incentive for Estate Agents to offer your site ahead of alternative conveyancing organisations?
We refuse to make any financial incentive for pointing buyers and sellers to this site. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.