Do banks and building societies provide you with an approved list of South West London conveyancing solicitors? How do you know who is on the Kent Reliance conveyancing panel?
South West London conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
Please help - my lawyer advises that defective lease insurance is necessary on my purchase. What is the level of cover for South West London conveyancing?
The appropriate level of defective lease indemnity insurance should be dictated by who your lender. It would differ for example between Accord Mortgages Ltd and Skipton Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
I'm the only beneficiary of my late father’s will and I have everything in my name alone, including the my former home in South West London. The South West London property was put into my name in February. I plan to dispose of the house. I understand that there is a CML six month 'rule', meaning my property ownership will be regarded the same way as though I had purchased the house in February. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this provision is chiefly there to capture the purchase and immediately sell or the quick reselling of property.
I am expecting a AIP from Coventry BS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Coventry BS recommend any South West London solicitors on the Coventry BS conveyancing panel, or is it better to go independently?
You will need to appoint South West London solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
My partner and I are downsizing from our home in South West London and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A high street South West London lawyer would know this is not the case. It does beg the question why the buyers instructed an online conveyancing outfit as opposed to a conveyancing solicitor in South West London. Having lived in South West London for many years we know of no issue. Is it a good idea to contact our local Authority to get clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
Are there restrictive covenants that are commonly picked up as part of conveyancing in South West London?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in South West London. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing my first flat in South West London with a loan from Leeds Building Society. The sellers refused to move on the price so I negotiated 6k of additionals instead. The sale representative suggested that I not to tell my conveyancer about this side-deal as it could impact my loan with Leeds Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Is it simple use the search app to find a conveyancing lawyer in South West London on the authorised to act for my mortgage?
Step one is to pick a mortgage company such as Lloyds TSB Bank, Leeds Building Society or Clydesdale then type in your location for example South West London. Conveyancing firms in South West London and nationally should be shown.