It has come to my attention via my estate agent that my South Woodford solicitor is not on the mortgage company Conveyancing panel. What can I do to be sure that this is correct?
The best course of action for you to take is to contact your South Woodford lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they may be able to suggest a South Woodford conveyancing firm that is on the conveyancing panel for your lender.
When will exchange of contracts occur in purchase conveyancing in South Woodford and am I required to be at the conveyancers office?
Where you are near to one of the conveyancing solicitors in South Woodford you are welcome to attend to sign the paperwork. That being said, the law practices we work with supply countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when communicating with you digitally. The executing of the sale agreement is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the conveyancer to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in South Woodford)to be in the office at the appropriate time.
We were going to get a OIP from Aldermore this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Aldermore recommend any South Woodford solicitors on the Aldermore conveyancing panel, or is it better to find our own lawyer?
You will need to appoint South Woodford solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
I can not fathom if my bank requires a lease extension. I have called my South Woodford bank branch on various occasions and was told it does not impact the mortgage offer and they would lend. My South Woodford conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend in accordance with their published requirements. I simply don't know who is right.
As long as the conveyancer is on the bank panel, she or he must follow the CML Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Having read lots of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local South Woodford solicitor - who is on the Nottingham conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Nottingham will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nottingham will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own South Woodford surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Due to the advice of my in-laws I had a survey completed on a property in South Woodford prior to appointing lawyers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some banks tend refuse to give a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you e-mail us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in South Woodford. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to retain a conveyancing solicitor for residential conveyancing in South Woodford. I've stumble across a site which looks to be the perfect answer If there is a chance to get all this stuff done via email that would be preferable. Do I need to 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?
I have been Googling for South Woodford online conveyancing estimates. Can I be assured that all the South Woodford law firms that are identified on your website are on the lender conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have assured us via an online form 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 mortgage company panel. To date we have not been informed by either a bank or a member of the public that the data about a specific South Woodford firm being on the lender conveyancing panel is not accurate.