I instructed a local lawyer for our conveyancing in Peckham last week. Reviewing the Ts and Cs it is apparent thatI am on the hook for fees even if the dealdoes not go ahead. Should I ditch them and select an on-line firm who offer no move no charge conveyancing in Peckham?
It is usually ‘give and take’ in that if "No Sale No Fee" is available then the conveyancing charges will generally be uplifted to counteract those cases that do not go ahead. Please beware that such deals generally do not protect you from expenses such your Peckham conveyancing search costs.
We have rather brash sellers who has suggested a preliminary contract with a down payment of 5k. Are such agreements sensible?
This type of contract is not the norm in Peckham, conveyancers are not keen on them as they detract from the primary objective, namely conveyancing and if you end up having your deposit forfeited then the lawyer at best left with an upset client and at worst a litigious one. Secondly, there is no guarantee that just because the owner has executed a lock out contract they will complete the sale with you. They may breach the contract if they receive sufficient incentive to do so because an aggrieved buyer with the benefit of a lockout agreement will still have to show losses as a consequence of the breach and these may not equate the extra amount that the owner may secure by breaking the contract, however morally condemnable it undoubtedly is.
My wife and I are purchasing a property in Peckham. I might seem paranoid but how we can trust a lawyer? On the day of competition we have to put our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am the single recipient of my late father’s will and I have everything in my name alone, including the house in Peckham. Conveyancing formalities meant that the Land Registry date was in March. I want to move. I understand that there is a CML six month 'rule', which means that my proprietorship will be considered the same way as though I had purchased the house in March. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. many lenders would take a pragmatic view as this obligation is primarily there to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
We were going to get a AIP from HSBC this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do HSBC recommend any Peckham solicitors on the HSBC conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Peckham solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
I need some quick conveyancing in Peckham as I am faced with a deadline to exchange contracts within one month. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
As you are are a mortgage free buyer you are at free not to do searches although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Peckham the following are examples of issues that can arise and therefore affect future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
Should I use a Peckham conveyancing lawyer who is local to the property I am purchasing? An old friend can conduct the legal work but her office is 200miles away.
The primary upside of using a local Peckham conveyancing firm is that you can drop in to execute paperwork, present your ID and pester them if necessary. They will also have local insight which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and they were impressed that must outweigh using an unknown Peckham conveyancing lawyer just because they are Peckham based.
We are in the process of a leasehold sale of a flat in Peckham. Conveyancing lawyers are doing their job but we have been asked to pay a fortune from the freeholder. To date we have forked out £268 for a leasehold management information and then a further £118 for answers to queries raised by the buyers conveyancing practitioner.
Your solicitor will not have any say over the level of the charges for this information but the average costs for the information for Peckham leasehold premises is £395. For Peckham conveyancing sales it is customary for the owner to cover the charges. The landlord or their agents are not duty bound to address such questions although many will agree to do so - albeit often at exorbitant prices disproportionate to the work involved. Unfortunately there is no statute that requires set charges for administrative tasks. There is no set time frame by which they are required to issue answers.