The property market in Lee is heating up. What can I do to speed up matters?
First, If you are under time constraints for your conveyancing it is highly recommended that your lawyer is familiar with the area as they will benefit local contacts and know-how. It is possible that they could have transacted previoushomes in the same neighbourhood. Therefore consider using a Lee conveyancing lawyer. Second, be sure that the conveyancing firm is on the lender panel. It is understood that nearly one in five of Lee conveyancing deals are frustrated or derailed after discovering a purchaser’s solicitor was not on their mortgage lender’s member panel. In many cases this discovery resulted in the legal process being frustrated by almost three weeks. It is estimated that this issue affects approximately one hundred thousand home sales annually. Almost all Lee conveyancing firms can not represent certain lenders so do check at the outset.
Finally the sale completed on my house in Lee last August but the buyer keeps whats apping me to moan that his lawyer is waiting to hear from mysolicitor. What should my lawyer have done now that I have sold?
Following your house sale your solicitor should forward the transfer documentation and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your solicitor should also send confirmation that the home loan has been discharged to the purchasers solicitors. There is unlikely to be post completion requirements just for conveyancing in Lee.
The deeds to our property are lost. The solicitors who handled the conveyancing in Lee 5 years ago no longer exist. What are my options?
Assuming the title is registered the information relating to your ownership will be recorded by HMLR with a Title Number. It is possible to perform a search at the Land Registry, locate your property and secure up to date copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will also normally retain a certified copy of the Registered Lease and again, a copy can be obtained for a small fee.
How does conveyancing in Lee differ for new build properties?
Most buyers of new build residence in Lee approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Lee typically acquire 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 Lee or who has acted in the same development.
My husband and I are 14 days into a leasehold purchase having been referred to conveyancers by the local agent to handle our conveyancing in Lee. We are not happy. Could you help me find new conveyancers?
They would need to be really poor to suggest changing them. Has the loan offer been sent? In the event that it has you must make them aware of the replacement solicitor and get the mortgage documents are issued to the new lawyers. Your conveyancer should be on the lenders panel to avoid added charges and delays. So that should be your starting point. The search tool can help you find a bank approved lawyer for your conveyancing in Lee
What tools are available to find a Lee conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 25miles to meet the lawyer.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location, in this case Lee and you will see a number of lawyer located nearest Lee. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the bank solicitor panel.