I was advised today by my mortgage adviser that my Mitcham property lawyer is not on the lender Solicitor panel. What can I do to be sure that this is correct?
Your first step should be to contact your Mitcham lawyer directly. It is reasonable to expect your lawyer to notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
The property market in Mitcham is heating up. What can I do to speed up the buying process?
Where you are under pressure to sign contracts it is advisable to make sure that your lawyer is familiar with the location as they will make use of local contacts and insight. It is possible that they may have conducted previoushomes in the same road. You would be best advised to use a Mitcham conveyancing lawyer. Second, ensure that the conveyancing firm is on the member panel. It is believed that just under twenty per cent of Mitcham conveyancing deals are delayed or derailed after finding out that a buyer’s solicitor was not on their mortgage lender’s panel. In many cases this discovery resulted in the transaction being frustrated by almost 21 days. It is claimed that this issue affects in the region of one hundred thousand home moves annually. Many Mitcham conveyancing practices can not represent certain banks so do check as early as possible.
Finally the sale completed on my house in Mitcham last April yet the purchaser is calling daily complaining that her conveyancer needs to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
Post completion of your disposal your lawyer is duty bound to deliver the transfer documentation and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your lawyer must also confirm that the mortgage has been discharged to the purchasers conveyancers. There are no post completion steps specific conveyancing in Mitcham.
How does conveyancing in Mitcham differ for new build properties?
Most buyers of new build premises in Mitcham come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Mitcham typically acquire the land, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Mitcham or who has acted in the same development.
I opted to have a survey carried out on a property in Mitcham prior to appointing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor advised that some mortgage companies may refuse to grant a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. If you contact us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Mitcham. Conveyancing will be smoother if you use a solicitor in Mitcham especially if they are accustomed to such properties in Mitcham.
My husband and I are new to the buying process - had an offer accepted, but the selling agent has warned us that the seller will only go ahead if we use the agent's recommended lawyers as they need a ‘quick sale’. We would rather use a family conveyancer with experience of conveyancing in Mitcham
We suspect that the owner is not behind this demand. If they want ‘a quick sale', alienating a motivated buyer is is going to put the whole deal at risk. Try to communicate with the vendors directly and make sure they comprehend that (a)you are motivated purchasers (b)you are excited to move forward, with finances arranged © you are chain free (d) you intend to proceed fast (e)but you are going to appoint your own,trusted Mitcham conveyancing lawyers - not the ones that will earn the estate agent a referral fee or meet his conveyancing figures set by HQ.