My financial adviser requires my Forest Gate solicitor’s panel reference for the HSBC conveyancing panel. What is the best way to discover this. I have tried my local Forest Gate branch but they have not responded to me.
You are best placed to get this information from your Forest Gate property lawyer . They maintain a central record lender panel numbers.
My partner and I are only a couple days away from an exchange on a property in Forest Gate and my parents have transferred the exchange deposit to my solicitor. I am now advised that as the deposit has not arrived from me my lawyer needs to make a notification to my lender. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The lawyer is duty bound to check with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Me and my brother own a 4 bedroom Victorian property in Forest Gate. Conveyancing practitioner acted for me and National Westminster Bank. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Forest Gate and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing lawyer who conducted the purchase.
How does conveyancing in Forest Gate differ for newly converted properties?
Most buyers of new build property in Forest Gate come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because builders in Forest Gate typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Forest Gate or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Forest Gate ahead of retaining lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies tend refuse to issue a loan on this type of property.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Forest Gate. Conveyancing will be smoother if you use a solicitor in Forest Gate especially if they are accustomed to such properties in Forest Gate.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Forest Gate. I've chance upon a web site which appears to be the perfect solution If there is a chance to get all this stuff completed via web that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?