Unfortunately I am unable to travel far from Mottingham. Can you please spell out why all Mottingham conveyancers aren't automatically on all mortgage company panels?
Mortgage Companies normally restrict either the type or volume of conveyancing solicitors on their panel. Frequent examples of such restriction(s) being that the organisation is required to have two or more partners. In addition to restricting the nature of firm, some banks for example HSBC made a decision to limit the size of their panel they permit to represent them. You should note that mortgage companies have no accountability for the quality of service provided by any Mottingham conveyancing practitioner on their panel. Property fraud was the main trigger for the rationalisation of solicitor panels a few years ago even though there are conflicting opinions about whether solicitors sat at the center of that fraud. Statistics from HMLR exposes that thousands of law firms only conduct a couple of conveyances annually. Those advocating conveyancing panel culls question why conveyancing firms should have claim to be listed on a lender panel when it is evident that property law is not their speciality?
The vendors of the property we are hoping to buy have instructed a conveyancing firm in Mottingham who has recommended a lock out contract with a down payment two thousand pounds. Are such agreements the norm for Mottingham conveyancing transactions?
Exclusivity agreements are agreements binding a home owner and prospective buyer granting the buyer a ‘clear field’ to the sale of the property within an agreed time frame. Essentially, a lock out is a document specifying that you should be issued with a contract at a later date which is the main conveyancing contract. It is generally utilised for buyer assurance though in many situations, the owner may stand to benefit from such agreements as well. There are numerous pros and cons to having an agreement but you need to check with your conveyancer but note that it may end up costing you extra in conveyancing fees. For these reasons these agreements are avoided in relation to conveyancing in Mottingham.
Completed the sale of my flat in Mottingham last May yet the purchaser is telephoning daily to moan that his lawyer needs to hear from mine. What are the post completion sale formalities now that I have sold?
After completion of your house sale your solicitor is obliged to forward the transfer deeds and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer should also confirm that the legal charge in favour of the lender has been paid off to the buyers solicitors. There are no post completion steps just for conveyancing in Mottingham.
Just acquired a terraced house in Mottingham , What is the estimated time for the Land Registry to register the transfer to my name? My Mottingham conveyancing solicitor works at snail pace, so I want to check the registration is concluded.
There is nothing unique when it comes to conveyancing in Mottingham registration formalities. Rather than based on location, timeframes can differ according to the party submitting the application, whether there are errors and whether the Land registry need to notify any third parties. At present in the region of three quarters of submission are fully addressed within two weeks but some can be subject to extensive delays. Historically registration takes place once the new owner has moved in to the property thus 'speed' is not always an essential issue but where there is a degree of urgency associated with the registration then you or your lawyers should speak with the land registry and explain the circumstances.
My husband and I are first time buyers - had an offer accepted, yet the selling agent informed us that the vendor will only proceed if we instruct the agent's preferred lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family conveyancer who is accustomed to conveyancing in Mottingham
We suspect that the owner is unaware of this demand. Should the vendor desire ‘a quick sale', alienating a serious buyer is not the way to achieve this. Avoid the agents and go straight to the owners and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you intend to use your preferred Mottingham conveyancing lawyers - as opposed tothose that will earn their negotiator at the agency a kickback or hit his conveyancing thresholds demanded by senior management.
I'm buying a property in Mottingham. I have found my conveyancer's company on the Law Society's list, but I can't locate my conveyancer's name on the list. Should I be concerned?
Not every individual in the company must be listed by the regulator. As long there is someone qualified to 'oversee' the transaction, the actual day-to-day activity can be conducted by unlicensed staff.