Why do I have to pay up front when it comes to conveyancing in Old Malden?
Where you are retaining lawyers for conveyancing in Old Malden your solicitor will request that you to provide them with funds to cover the search fees. Normally this is needed to cover the fees of the Local Authority Search. If any down payment is as part of the purchase price then this should be asked for immediately in advance of contracts are exchanged. The final balance that is needed should be transferred shortly before completion.
Can you clarify what the consequences are if my lawyer’s firm is suspended from the Yorkshire BS Solicitor panel ahead of completing my conveyancing in Old Malden?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
My uncle informed me that in purchasing a property in Old Malden there could be various restrictions preventing external changes to a property. Is this right?
We are aware of anumerous of properties in Old Malden which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Old Malden should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am buying a property in Old Malden. An unusual aspect is that the roof has a solar panel. Virgin Money have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Virgin Money your lawyer must check the conveyancing instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook contains minimum specifications for solar panel roof-space leases, and lawyers are required to report to Virgin Money where a lease fails to satisfy these specifications. The provisions relate to the installation of panels on properties countrywide and is not isolated to Old Malden.
Intending to buy a house in Old Malden. 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 Aldermore 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 Old Malden conveyancer is on the Aldermore conveyancing panel.
Is it necessary to take out insurance to address the risk of chancel repairs when acquiring a residence in Old Malden?
Unless a previous acquisition of the house completed after 12 October 2013 you may expect solicitors handling conveyancing in Old Malden to remain recommending a chancel search and or chancel repair liability policy.
I used Stirling Law a few years ago for my conveyancing in Old Malden. Now, I need my documents but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate 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 instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I see that you have a post code search directory identifying firms on the lender conveyancing panel. Do Old Malden conveyancing firms pay you a commission if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Old Malden.