I am under pressure from the seller of a property in Nine Elms to sign contracts within four weeks. What can I do to expedite the buying process?
First, If you are under pressure for your conveyancing it is advisable to make sure that your conveyancer is familiar with the location as they will benefit local connections and knowledge. It is even conceivable that they could have transacted otherhomes in the same street. Therefore consider using a Nine Elms conveyancing solicitor. Second, check that the conveyancing firm is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Nine Elms conveyancing transactions are held up or jeopardised after finding out that a buyer’s conveyancer was not on their banks panel. This can often result in the legal transfer of property being held up by as much as three weeks. It is said that this issue impacts in the region of 100,000 home moves annually. Many Nine Elms conveyancing practices can not act for certain lenders so do check at the outset.
I am expecting a OIP from Kent Reliance this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Kent Reliance recommend any Nine Elms solicitors on the Kent Reliance conveyancing panel, or is it better to go independently?
You will need to appoint Nine Elms solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
My wife and I are in the process of viewing houses in Nine Elms and I am now considering a potential offer. Is it advisable to have my conveyancer on ‘stand by’? I will be getting a home loan with Bank of Ireland.
It would be advisable to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are obtaining a mortgage with Bank of Ireland, ask your prospective lawyers if they are on the Bank of Ireland conveyancing panel otherwise they can't do the mortgage legal work.
I have decided to exercise my right to buy my property in Nine Elms off the council. I have a mortgage offer with Co-operative. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
I have justdiscovered that Stirling Law have been shut down. They conducted my conveyancing in Nine Elms for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The quickest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Nine Elms conveyancing specialists.
I am purchasing my first flat in Nine Elms with a loan from Bank of Ireland. The sellers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not inform my conveyancer about this extras as it may put at risk my loan with Bank of Ireland. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
My father has encouraged me to appoint his conveyancing solicitors in Nine Elms. Should I choose my own solicitor?
Much as we are happy to recommend a Nine Elms conveyancing lawyer the ideal way to choose a conveyancing lawyer is to get feedback from friends or family who have actually previously instructed the conveyancer that you are are thinking of instructing.
I have just had an offer accepted on an apartment in Nine Elms and the estate agent that we are using recommended his lawyer. She quoted £900 plus VAT and disbursements. Does this sound reasonable?
You should not rely on one quote. One should seek like-for-like quotes for your conveyancing in Nine Elms. Then choose one that you trust and just as important, is on the approved list of the mortgage company that you are sourcing your mortgage from.