My wife and I are hoping to buy a house in Greenhithe and have appointed a Greenhithe conveyancing practice. Within the last couple of days our conveyancer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Chelsea Building Society have this morning contacted us to advise us that there is now an issue as our Greenhithe lawyer is not on their conveyancing panel. Is this a problem?
If you are buying a property requiring a mortgage it is standard for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Greenhithe solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
Me and my partner are purchasing a property in Greenhithe. I might seem paranoid but how we can trust a solicitor? At some point we will need to put our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We have a mortgage agreed in principle with Co-operative. Greenhithe conveyancing lawyers are appointed. What is the average time that one could expect to receive a mortgage offer from Co-operative?
Some lenders take longer than others. Have Co-operative completed the valuation? Have you advised Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Having digested plenty of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Greenhithe solicitor - who is on the Aldermore conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Aldermore will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore 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. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Greenhithe postcode. As you are getting a mortgage with Aldermore, you could contact them to see if they have a list of approved surveyors in Greenhithe.
I need some quick conveyancing in Greenhithe as I am under pressure to sign on the dotted line within one month. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you are at free not to do searches although no law firm would advise that you don't. Drawing on our experience of conveyancing in Greenhithe the following are examples of what can crop up and therefore impact market value: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
I have a terraced Edwardian house in Greenhithe. Conveyancing solicitor represented me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should read 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Greenhithe and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing lawyer who conducted the purchase.
How does conveyancing in Greenhithe differ for newly converted properties?
Most buyers of new build or newly converted property in Greenhithe contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Greenhithe tend to 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 conveyancers 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 used to new build conveyancing in Greenhithe or who has acted in the same development.
What is different about your site and other online quote calculators for conveyancing in Greenhithe?
At this site get an accurate costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Greenhithe. As opposed to estate agents and brokerage sites we do not have commission deals with solicitors. Many agents and online brokers 'recommend' the firm that pays the highest commission, as opposed to the best value conveyancing in Greenhithe