I am about to complete buying a house in South Harrow but as a result of wreckage from the recent storms I have managed to agree recompense from the owner of £2k by way of a adjustment in the price. I had intended this to be addressed as part of amending the contract but Santander will not agree to this. Why were they notified?
Your conveyancer that is on a Santander approved list is duty bound to inform Santander of any amendments to the sale price. If you prohibit your conveyancer to notify the reduction to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new property lawyer for your conveyancing in South Harrow.
Forgive me if this question is silly but I am unexperienced as FTB of a two bedroom flat in South Harrow. Do I pick up the keys to the property on the completion date from my solicitor? If so, I will find a local conveyancing solicitor in South Harrow?
On the day of completion you do not need to attend the conveyancers office in South Harrow. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s conveyancers, and shortly after the monies have arrived, you should be invited to receive the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
My husband and I have organised a further advance on our home loan from Virgin Money as we intend to conduct a loft conversion to our house in South Harrow. Are we obliged to select a local South Harrow solicitor on the Virgin Money conveyancing panel to handle the legals?
Virgin Money do not ordinarily require firms on their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money list.
I'm at the point of looking at apartments in South Harrow and I am now considering a potential offer. Is it sensible to have my property lawyer on ‘stand by’? I am planning to take a mortgage with Barclays.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are obtaining a mortgage with Barclays, ask your prospective lawyers if they are on the Barclays conveyancing panel otherwise they can't do the mortgage legal work.
Will my solicitor be making enquiries concerning flooding as part of the conveyancing in South Harrow.
The risk of flooding is if increasing concern for conveyancers dealing with homes in South Harrow. There are those who buy a property in South Harrow, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, but there are a number of checks that may be initiated by the buyer or by their conveyancers which should figure out the risks in South Harrow. The standard property information forms given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) contains a standard inquiry of the vendor to discover whether the premises has ever been flooded. If flooding has previously occurred which is not revealed by the vendor, then a buyer could issue a legal claim for losses stemming from an misleading reply. The purchaser’s lawyers will also carry out an environmental search. This will indicate whether there is a recorded flood risk. If so, additional investigations will need to be made.
I have been on the look out for a leasehold apartment up to £305k and found one near me in South Harrow I like with open areas and railway links in the vicinity, however it's only got 49 years on the lease. There is not much else in South Harrow in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan that many years may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
I am using a search engine for the words conveyancing in South Harrow it brings up many property lawyersin the vicinity. With so much choice what is the best way to find the suitable conveyancer for purchase transaction?
The best method of finding a suitable conveyancer is via personal testimonial, so ask friends and those you trust who have acquired a property in South Harrow or a reputable estate agent or mortgage broker. Charges for conveyancing in South Harrow vary, so it's a good idea to secure at least four quotes from varying types of property lawyers. Make sure that you clarify that the charges are guaranteed not to increase.
My offer on property in South Harrow was agreed to, but there is a chain. The sellers have put an offer on on an apartment, although it’s not yet agreed to, and are looking at other flats in the pipeline. I have instructed a nearby conveyancing solicitor in South Harrow. What should be my next step? When should I get the mortgage application with RBS started with RBS?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is approx £1k, then valuation, South Harrow conveyancing search costs, etc). First, you should check that your conveyancing practitioner is on the RBS conveyancing panel. Concerning the subsequent stages this very much depends on the uniqueness of your transaction, desire for this property and on the state of the market. During a hot market many buyers would apply for the mortgage with RBS and pay for the survey and only if it comes back ok would they pay their lawyer to move forward with the conveyancing in South Harrow.