Can you help - my lawyer advises that lack of building regulations insurance is needed on my purchase. What is the level of cover for South West London conveyancing?
The right level of lack of building regulations indemnity insurance should be dictated by who your lender. It would differ for example between Lloyds TSB Bank and Virgin Money. Conveyancing practitioners as opposed to borrowers take out such policies.
I'm the single beneficiary of my late father’s estate with all property in now in my sole name, including the my former home in South West London. The South West London property was put into my name in March. I plan to dispose of the house. I do know about the CML 6 month 'rule', meaning my proprietorship may be regarded the same way as though I had purchased the property in March. Will no one buy the property for half a year?
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." By the strict wording you could be affected by that. How practical a view mortgage companies take of it, depend on the lender as this obligation primarily exists to pick up on subsales or the quick reselling of properties.
We were going to get a OIP from UBS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do UBS recommend any South West London solicitors on the UBS 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 UBS conveyancing panel. The solicitor represents both you and UBS through the process.
My partner and I are close to exchanging contracts on the sale of our house in South West London and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A high street South West London lawyer would know that there is no such problem. It does beg the question why the buyers instructed a factory type conveyancing practice as opposed to a conveyancing solicitor in South West London. Having lived in South West London for many years we know that this is a non issue. Should we contact our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing firm 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 health insurance to cover that same illness)
I am buying a new build house in South West London with a mortgage from The Mortgage Works. The builders refused to move on the price so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not to tell my conveyancer about the side-deal as it could jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I am selling my house. My previous lawyers have shut. I am in need of a recommendation of a conveyancing firm. Im based in South West London if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in South West London. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
My husband and I are a fortnight into a freehold purchase having been directed to conveyancers by the selling agent to carry out the conveyancing in South West London. I am not happy. Could you you assist me in finding new lawyers?
A conveyancer would need to be very bad in order to consider changing them. Has your mortgage been sent? If so you need to advise them of the new conveyancer and have the offer are re-sent. The conveyancer needs to be on the banks approved list to avoid supplemental expenses and delays. So that should be your first question of the new solicitors. Our search tool will help you find a lender approved conveyancer for your home move in South West London
I have been searching for South West London online conveyancing estimates. Can I be assured that all the South West London law firms that are identified on your website are on the mortgage company conveyancing panel?
The law firms listed on our site have advised us that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific South West London firm being on the lender conveyancing panel is incorrect.