We are buying a new build flat in Enfield Wash and my solicitor is informing me that she has to the mortgage company to reveal incentives from the builder. I am on a tight deadline to exchange contracts and I have no desire to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Is there a reason why leasehold purchase conveyancing in Enfield Wash costs more?
The conveyancing charges for a leasehold property in Enfield Wash is inevitably higher as compared to a freehold acquisition or disposal. This is because there is an amount of extra investigations required in communicating with the freeholder and management company to obtain information concerning whether the rent and maintenance fee have been discharged and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the block.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Enfield Wash?
There are many registered licenced Conveyancers in Enfield Wash and Solicitor practices in Enfield Wash offering conveyancing It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. Both can handle other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I had a mortgage agreed in principle with Kent Reliance. Enfield Wash conveyancing solicitors were appointed. What is the average time that one could expect to receive a mortgage offer from Kent Reliance?
There is no definitive answer here. Have Kent Reliance completed the survey? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
My offer on a detached house in Enfield Wash has been agreed to, but there is a chain. The vendors have offered on somewhere, however it’s not yet agreed to, and have viewings of other flats in the pipeline. I have selected a local conveyancing solicitor in Enfield Wash. What should be my next step? When should I get the mortgage application with UBS going?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of one thousand pounds, then valuation, Enfield Wash conveyancing search fees, etc). First, you must ensure that your conveyancer is on the UBS approved list. Regarding the next steps this very much depends on the circumstances of your transaction, motivation for the property and on the state of the market. During a hot market many buyers would apply for a home loan with UBS and pay for the valuation and only if it comes back ok would they request their property lawyer to proceed with the conveyancing in Enfield Wash.
My partner and I are close to exchanging contracts on the sale of our home in Enfield Wash and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any high street Enfield Wash lawyer would know that there is no such problem. For the life of me I don't know why the purchasers used a nationwide conveyancing practice as opposed to a conveyancing solicitor in Enfield Wash. We have lived in Enfield Wash for many years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer 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)
The deeds to my home are lost. The conveyancers who dealt with the conveyancing in Enfield Wash 5 years ago are no longer around. What are my next steps?
Gone are the days when you need to hold title original deeds to prove you are the registered proprietor of land or property, as the Land Registry hold details of all registered land or property electronically.
I was recommended by numerous property agents in Enfield Wash to locate a property lawyer on your site. What’s the financial advantage for Estate Agents to market your services ahead of another?
We refuse to offer any referral fee for directing people in our direction. We thought it would be too underhand to pay a commission because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.