I am obtaining a mortgage offer from Lloyds. My intention is to retain the legal services of a Licensed Conveyancer in South London. Does the Lloyds Solicitor panel exclude Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Can your site be used to recommend a Conveyancing solicitor in South London even where I’m not purchasing or disposing of a house, for instance where I intend to buy an office in South London with a loan from Bank of Scotland?
Our comparison service is predominantly there to help choose domestic conveyancing solicitors in South London but we have listed towards the bottom of this page a selection of South London commercial conveyancing firms. You will need to enquire with the firm directly to check if they are also authorised to represent Bank of Scotland
I am considering applying for a Bank of Ireland mortgage for purchase of a new build (under development) in South London with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Bank of Ireland ?
There is nothing to stop you using your solicitor, but Bank of Ireland will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when acquiring a property in South London?
Unless a previous acquisition of the property took place after 12 October 2013 you may expect lawyers conducting conveyancing in South London to remain recommending a chancel search and or insurance against a claim.
How does conveyancing in South London differ for newly converted properties?
Most buyers of new build or newly converted property in South London approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in South London tend to acquire the land, 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 London or who has acted in the same development.
Am I better off to choose a South London conveyancing lawyer based in the location that I am purchasing? An old friend can perform the legal formalities but his firm is located 200miles drive away.
The benefit of a high street South London conveyancing practice is that you can pop in to sign paperwork, hand in your ID and apply pressure on them where appropriate. They will also have local intelligence which is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and they were content that should surpass using an unknown South London conveyancing lawyer just because they are round the corner.