My fiance and I are intent on acquiring a flat in Penge. My Solicitor is not listed on the bank approved panel. Is it possible for me to appoint my Penge conveyancing solicitor notwithstanding that they are excluded from the mortgage company list of approved lawyers?
One must have a solicitor to complete the legal work required if you need a mortgage to purchase your property. They will conduct all the relevant due diligence on the property, make sure that you will be properly registered as the owner and ensure that all the required mortgage documentation is in order. One could instruct a Penge conveyancer of your choice. Nevertheless, where the solicitor appointed is not on the bank conveyancing panel additional costs will arise as separate legal representation will be need by the mortgage company. Lender panel applications can be submitted, so provided your lawyer has not historically sought membership they should do so.
Would the conveyancing lawyers identified via your search tool perform attended exchange conveyancing in Penge?
There are a few conveyancing experts carrying out 24hr exchanges. Please e-mail us to obtain a fee calculation and details as to dates.
In what way does my ID and proof of funds have anything to do with my conveyancing in Penge? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Penge conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually dealt with by provision of a passport and an original bank statement or utility account showing your correct address.
Under Money Laundering Regulations, conveyancing solicitors are duty bound to validate not simply the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this will result in your solicitor cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to notify the relevant authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
I opted to have a survey done on a house in Penge before instructing solicitors. I have been advised that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend not issue a mortgage on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Penge. Conveyancing may be slightly more expensive based on your lender's requirements.
Given that I will soon part with 450k on 3 bedroom house in Penge I wish to talk to a conveyancer regarding thehouse move prior to appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor due to be conducting your property ownership legalities in Penge.There is no ‘factory style conveyancing’ - every client is unique individual, not a file reference. The solicitors that we put you in touch with believe that the figure you are quoted for residential conveyancing in Penge should be the figure that you are charged.
What are my options where I am not happy with the lawyer who conducted our conveyancing in Penge?
Occasionally the level of service you receive is not as you expect, and is is a fact of life that occasionally matters do not go as planned. Nevertheless there is recourse where you were dissatisfied with your conveyancing in Penge. This varies from trying to resolve matters directly with them, through to reporting a conveyancing practitioner to their regulator. If things still aren’t sorted out you may consider getting in touch with the Legal Ombudsman.