Is the fact that my solicitor in Silvertown is not on my mortgage company's conveyancing panel that there is a problem with the quality of his conveyancing?
It would not be wise to jump to that conclusion. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Silvertown conveyancing firm and enquire why they are no longer on the approved list for your mortgage company.
I require conveyancing for a flat in a relatively new development (6 years old) in Silvertown. Almost all the properties have already been occupied. Do I need carry out the neighbourhood searches for my conveyancing in Silvertown?
You would be putting yourself at risk in not carrying out Silvertown conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would seriously advise in no uncertain terms that you have them. Where accelerating the process and cost are primary concerns you should consider with your solicitor about the options such as contingency insurance available to you
I am thinking of mortgaging my flat in Silvertown, does my lawyer need to be on the Barclays Solicitor panel?
There is nothing to stop you using your solicitor, but Barclays will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
The estate agent has sent us the confirmation of our purchase of a new build flat in Silvertown. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Silvertown
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Due to the input of my in-laws I had a survey completed on a property in Silvertown ahead of appointing solicitors. I have been told that there is a flying freehold element to the house. My surveyor advised that some mortgage companies tend refuse to grant a mortgage on this type of house.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. If you e-mail us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Silvertown. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking into buying my first house which is in Silvertown and I am already nervous. I couldn't find anything specific about Silvertown. Conveyancing will be needed in due course but do you know about the Silvertown area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Silvertown. In the meantime here are some basic statistics that we found