We are due to exchange buying a house in South Hornchurch but as a consequence of damage from some water damage at the property I have was able negotiate compensation from the owner in the sum of £2k in the form of a deduction in the price. This was going to be dealt with as part of a side agreement but HSBC will not permit this. Why were they informed?
Any solicitor that is on a HSBC approved list is obliged to advise HSBC of any amendments to the purchase price. If you were to refuse your conveyancing practitioner to report the price change to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new lawyer for your conveyancing in South Hornchurch.
Me and my partner are buying a flat in South Hornchurch. It might be a silly question but how we can trust a lawyer? On completion day we have to send our life savings into their account. What is the protection we have from them run away with our monies?
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.
When it comes to lenders such as TSB, do South Hornchurch solicitors incur a yearly amount to be on the list of approved solicitors?
We are unaware of any lender fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
I am expecting a OIP from Skipton 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 Skipton recommend any South Hornchurch solicitors on the Skipton conveyancing panel, or is it better to find our own lawyer?
You will need to appoint South Hornchurch solicitors independently although you'll need to choose one on the Skipton conveyancing panel. The solicitor represents both you and Skipton through the process.
How does conveyancing in South Hornchurch differ for new build properties?
Most buyers of new build or newly converted property in South Hornchurch approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in South Hornchurch usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in South Hornchurch or who has acted in the same development.
Given that I will soon spend 450k on 3 bedroom house in South Hornchurch I would like to have a conversation with the lawyer about mytransaction before instructing the firm. Can this be arranged?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer who will be conducting your property ownership legalities in South Hornchurch.There is no ‘factory style conveyancing’ - every client is an important person, not a case reference. The practices that we put you in touch with believe that the fees you are provided with for residential conveyancing in South Hornchurch should be the figure that you are charged.
I need to instruct a conveyancing solicitor for remortgage conveyancing in South Hornchurch. I happened to stumble across a site which seems to have the ideal answer If there is a chance to get all the legals completed via phone that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
There are a number of properties in South Hornchurch on unadopted lanes. My partner and I are acquiring one such property. What would be the advantages and disadvantages of purchasing a house on a privately owned road?
South Hornchurch conveyancing solicitors are used to transacting houseson unadopted roads. Your solicitor should review the title to identify any rights or responsibilities. It is possible that there is a management company (wholly owned by residents) that proprietors pay into to maintain the road. Where there is one, the road should be maintained and appear nicer than publicly owned.