My best friend’s mother is a solicitor. I anticipate that I'll be able to get preferential pricing for conveyancing, However if that does not come through, what kind of figure would I typically be looking at for conveyancing in Old Malden?
You should contrast pricing. Make use of our search tool on this site. You will notice that fees seem to vary but the service one can expect are distinct between solicitors as is the case with most professions.
My wife and I are purchasing a newly constructed duplex in Old Malden and my conveyancer is telling me that she is duty bound to the bank to reveal incentives from the seller. I am nearing the developer’s deadline to sign contracts and my preference is not to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Old Malden?
There are two types of lawyers who can conduct conveyancing in Old Malden namely licenced conveyancers or solicitors. Both professionals administer conveyancing services that required to complete the sale or acquisition of property. They are both duty bound to carry out Old Malden conveyancing to the same quality and guidelines so you may be sure that your conveyancing will be properly carried out and that the requirements and steps will be correctly followed.
I have today made my last payment due on my mortgage with Nationwide. I assume I don't need a Old Malden lawyer on the Nationwide panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Nationwide mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nationwide mortgage from the register. Nationwide, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
Aldermore have agreed my mortgage in principle, my bid on a flat in Old Malden has been agreed to, what happens next?
Your property agent will wish to know who your solicitors are (be sure the property lawyers are on the lender’s approved list). Contact Aldermore or the broker and finish off any outstanding forms. Aldermore will instruct a valuer who will get in touch with the selling agent or seller to schedule a time for the valuation to take place. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Aldermore will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Old Malden.
I used Stirling Law several years past for my conveyancing in Old Malden. Now, I need the files but the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Old Malden of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying my first flat in Old Malden benefiting from help to buy. The sellers refused to move on the amount so I negotiated £7000 of additionals instead. The property agent advised me not inform my conveyancer about this extras as it would jeopardize my mortgage with Barnsley Building Society. 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 UK Finance website. UK Finance 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.
Do I need to be wary that 3rd parties that I am dealing with are recommending a nationwide conveyancing firm rather than a High Street Old Malden conveyancing firm?
As with lots of service providers, often suggestions from relatives can be most helpful. But there are lots of players in a conveyancing matter; estate agents, mortgage brokers and lenders may suggest lawyers to use. On occasion these lawyers might be known to one of the organisations as experts in their field, but occasionally there behind the scenes commercial relationship behind the endorsement. You have the right to appoint your preferred lawyer. However, bear in mind that many banks have an approved list of lawyers you are obliged to use for the mortgage aspect of your house move.