The Dulwich conveyancing firm that just started acting on my purchase in Dulwich have without warning closed. I chose them because I had to have a solicitor on the Kent Reliance conveyancing panel and my previous Dulwich lawyer was not. I issued them a cheque for £250 in advance. What are my options?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Kent Reliance conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
I have been told by my conveyancer that lack of planning permission insurance is needed on my purchase. What is the level of cover for Dulwich conveyancing?
The right level of lack of planning permission indemnity insurance depends on who your lender is. It would differ for example between Lloyds TSB Bank and Skipton Building Society. Conveyancing lawyers as opposed to members of the public take out such policies.
I currently have a mortgage with Skipton for my property in Dulwich. Conveyancing has been completed some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Skipton?
You must advise Skipton in advance of renting your property as this is likely to be a breach of Skipton’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Skipton directly. It should not be necessary to do this via a Skipton conveyancing panel firm.
Nottingham have agreed my home loan in principle, my bid on a flat in Dulwich has been agreed to, now what?
Your estate agent will want to know who your solicitors are (be sure the conveyancing practitioners are on the bank’s panel). Telephone Nottingham or the financial adviser and finish off any appropriate documentation. Nottingham will appoint a valuer who will get in contact with the selling agent or owners to schedule a slot for the valuation to happen. Once conducted (assuming no problems) it takes approximately ten days to receive the mortgage offer. Nottingham will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Dulwich.
Various online forums that I have visited warn that are the number one cause of hinderance in Dulwich conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of slowing down conveyancing in Dulwich.
I am downsizing from my house. My former conveyancers closed down. I am in need of a recommendation of a conveyancing firm. Im based in Dulwich if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Dulwich. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
My partner has encouraged me to instruct his lawyers for conveyancing in Dulwich. Should I choose my own solicitor?
No doubt the best way to find a conveyancing lawyer is to get referrals from friends or family who have experience in using the conveyancer you're contemplating using.
What is the reason for my solicitor requiring numerous items of ID ahead of starting selling or buying a property in Dulwich?
Dulwich lawyers are duty bound by the Law Society, Solicitors Regulation Authority, HM Land Registry and current AML Regulations to certify that the have verified the identity of their clients. It will also be a condition of your bank if you are taking a mortgage. In addition they have to complete various forms, particularly those relating to SDLT and need to have details such as your full names, national insurance number and DOB.