I am acquiring a property for cash in Leyton. I have resided for the last 20 years in Leyton. Conveyancing searches are exorbitant. As I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a home loan, then the vast majority of the Leyton conveyancing searches are non-obligatory. Your conveyancer will try and steer you, no-doubt strongly, that you should have searches done, but he is duty bound to do this. One thing to take into account; if you are likely to dispose of the house at a future date, it may be of importance to your prospective buyer what the searches determine. Sometimes premises with apparent issues can still throw up adverse search results. A competent conveyancing solicitor in Leyton will provide you some constructive guidance in this regard.
My Conveyancer in Leyton has never been on on the Alliance & Leicester Solicitor Panel. Can I still use my family solicitor notwithstanding that they are excluded from the Alliance & Leicester approved list?
Your options are as follows:
- Complete the purchase with your preferred Leyton solicitors but Alliance & Leicester will need to retain a conveyancer on their list of acceptable firms. This will result in additional overall legal fees and result in frustration.
- Find a new solicitor to act in the conveyancing, not forgetting to check they are Convince your conveyancer to use their best endeavours to join the Alliance & Leicester conveyancing panel
We are downsizing from our property in Leyton and according to the buyers it appears that there is a risk of it being built on contaminated land. Any high street Leyton conveyancer would know this is not the case. It does beg the question why the buyers instructed a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Leyton. Having lived in Leyton for six years we know that this is a non issue. Should we get in touch with our local Authority to get confirmation need.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I am purchasing my first flat in Leyton with the aid of help to buy. The builders refused to budge the amount so I negotiated 6k of extras instead. The property agent advised me not to tell my conveyancer about the deal as it may impact my loan with the bank. Should I keep quiet?.
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.
Due to the input of my in-laws I had a survey completed on a property in Leyton ahead of retaining solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders will refuse to issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can check via 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 Leyton. Conveyancing will be smoother if you use a solicitor in Leyton especially if they are familiar with such properties in Leyton.
My husband and I are one month into a freehold purchase having been recommend to solicitors by the local agent to perform conveyancing in Leyton. I am am starting to be disappointed with the quality of service. Could you help me find new lawyers?
They would need to be really bad in order to consider replacing them. Has your mortgage offer been sent? If so you will need to advise them of the new contact details and have the loan are re-issued. The solicitor ideally needs to be on the banks approved list to avoid added expenses and complications. That should be your starting point. The find a solicitor tool can help you find a lender approved lawyer for your home move in Leyton