I am due to complete buying a house in Harrow Weald but as a result of wreckage from some water damage at the property I have managed to agree recompense from the current proprietors in the sum of six thousand pounds in the form of a reduction in the price. This was going to be addressed as part of the conveyancing process but TSB will not agree to this. Why were they notified?
Any lawyer that is on a TSB conveyancing panel is required to disclose to TSB of any variations to the sale price. If you prohibit your conveyancing practitioner to report the price change to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new conveyancing practitioner for your conveyancing in Harrow Weald.
We are looking to buy a house and require a conveyancing solicitor in Harrow Weald who is on the Co-operative approved panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in Harrow Weald.
We're in Harrow Weald, First time buyers buying with a mortgage (lender is Nottingham , and our lawyer is on the Nottingham conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nottingham conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am the only recipient of my late mum's estate and I have everything in my name now, including the house in Harrow Weald. The Harrow Weald property was put into my name in September. I now wish to sell up. I understand that there is a CML six month 'rule', meaning my property ownership may be considered the same way as if I'd bought the house in September. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. How sensible a view banks take of it, depend on the mortgage company as this clause is chiefly there to identify the purchase and immediately sell or the wholesaling and assigning of properties.
is it true that all Harrow Weald solicitor practices on the Co-operative conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Co-operative conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Many mortgage companies do list licenced conveyancers on their panel in which case such practice would be regulated by the CLC.
Having read lots of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Harrow Weald solicitor - who is on the Nationwide conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Nationwide will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nationwide 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. You may wish to consider appointing your own Harrow Weald surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I am looking for a ground for flat up to £305k and identified one near me in Harrow Weald I like with amenity areas and station in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Harrow Weald in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan that many years will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
My cousin has suggested that I instruct his lawyers for conveyancing in Harrow Weald. Should I choose my own property lawyer?
Much as we are happy to recommend a Harrow Weald conveyancing lawyer the best way to find a conveyancing solicitor is to get feedback from friends or relatives who have experience in using the conveyancer that you are are thinking of instructing.