I'm in the process of transferring my current residential mortgage to a Buy to Let Lloyds TSB Bank mortgage. The bank has said that I need a lawyer for this. I had a chat the same Greenwich conveyancing practitioner who acted on my behalf when I previously purchased the property. The quote e-mailed to me of £500 has surprised me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The charges appear a little high. If you are content to expend time contrasting charges you could reduce the fees slightly by perhaps £100 plus VAT. That being said, providing that you were pleased with the service the firm gave you couldcome to regret opting for an a cheaper lawyer. If is important to be sure the conveyancer can also act for Lloyds TSB Bank. Do utilise our search tool to select a Greenwich conveyancing firm on the Lloyds TSB Bank conveyancing panel, which can often include conveyancing solicitors in Greenwich.
My wife and I are soon to exchange on the purchase of a property in Greenwich but as a consequence of wreckage from the recent storms I have managed to agree reparation from the vendor in the sum of £3k in the form of a deduction in the price. I had intended this to be addressed as part of the conveyancing process however Nottingham will not permit this. Should they have been notified?
The conveyancing practitioner being on the Nottingham approved list is duty bound to inform Nottingham of any amendments to the sale price. If you were to refuse your solicitor to report the reduction to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new conveyancing practitioner for your conveyancing in Greenwich.
At what point can the exchange of contracts take place for sale conveyancing in Greenwich and do I need to attend the solicitors office?
Where you are in close proximity to our conveyancing solicitors in Greenwich you are invited in to sign documents. That being said, the lender approved solicitors we recommend provide a national conveyancing service and provide just as comprehensive and professional a job for you when communicating with you by post or email. The signing of the contract is not when everything is set in stone. A signed contract is just a prerequisite for the conveyancer to address the formalities at the appropriate time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Greenwich)to be in the office at the appropriate time.
I am looking to buy a house and require a conveyancing solicitor in Greenwich who is on the Clydesdale conveyancing. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Clydesdale in certain locations such as Greenwich. We dont recommend any particular firm.
Have just purchased a repossessed house at auction in Greenwich. Conveyancing is necessary. What are my next steps?
Now that you are exchanged you should hire the services of a conveyancing solicitor soon as you are facing a tight a fixed date to complete the transaction. An auction property will ordinarily have an associated auction pack. This should include most,if not all of the paperwork that your conveyancer requires. In the case of leasehold property the legal papers may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to a leasehold property. You should pass this on to the solicitor working for you at the earliest opportunity. You also need to ensure that that you have the requisite funding organised to complete the transaction on the set completion date.
My lawyer has informed me that flying freehold insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Greenwich?
The right level of flying freehold indemnity insurance should be dictated by who who your lender is. It would differ for example between Accord Mortgages Ltd and Barnsley Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.
Planning on purchasing a apartment in Greenwich. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Greenwich conveyancing practitioner is on the Yorkshire BS conveyancing panel.
I'm purchasing my first flat in Greenwich with a loan from Skipton Building Society. The builders would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not reveal to my solicitor about this deal as it could put at risk my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.