I am in the market for a low cost property lawyer. Do I opt for an online conveyancer as opposed to a local North London conveyancing lawyer?
Existing third party connections is an important consideration when appointing conveyancing lawyers. North London conveyancers enjoy long term relationships with financial advisers and agents, local authorities, valuers and other law firms meaning the whole process is going to be much smoother for you. Possessing a sound knowledge of the local area also helps too.
My North London solicitor has uncovered an inconsistency when comparing the surveyor’s assumptions in the valuation survey and what is revealed within the conveyancing documents. My lawyer says that he must check that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s stance legitimate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am looking to buy a flat and require a conveyancing solicitor in North London who is on the Chelsea Building Society conveyancing. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Chelsea Building Society in certain locations such as North London. We dont recommend any particular firm.
I had a mortgage agreed in principle with UBS. North London conveyancing practitioners have been chosen. What is the average time that one could expect to receive a mortgage offer from UBS?
Some lenders take longer than others. Have UBS conducted the valuation? Have you informed UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Intending to buy a house in North London. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the North London conveyancing practitioner is on the Kent Reliance conveyancing panel.
Our sealed bid on a house in North London has been agreed to, the vendors do however have a connected purchase. The vendors have put an offer on on an apartment, however it’s not been accepted yet, and have viewings of other flats booked. I have instructed a nearby conveyancing solicitor in North London. What do I do now? When do I get the mortgage application with UBS started?
It is usual to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of one thousand pounds, then survey, North London conveyancing search costs, etc). First, you should ensure that your conveyancer is on the UBS approved list. Regarding the subsequent phase this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. During a hot market some purchasers would apply for a home loan with UBS and pay for the valuation and only if it was satisfactory would they pay their conveyancer to proceed with the conveyancing in North London.
We are purchasing a property and the solicitor has referenced Chancel Repair for which the house could be liable as it falls into the area of such a church. He has mentioned insurance. Is this really warranted for conveyancing in North London
Unless a previous acquisition of the house completed post 12 October 2013 you could take it that solicitors conducting conveyancing in North London to continue to propose a a chancel search and or insurance against a claim.
How does conveyancing in North London differ for newly converted properties?
Most buyers of new build property in North London approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in North London usually 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 North London or who has acted in the same development.