I went with a Streatham based firm for our conveyancing in Streatham last week. After carefully reading the official terms of business I notewe are responsible for costs even if our purchase aborts. Would I be best advised to appoint an internet conveyancing company offering no completion no cost conveyancing in Streatham?
It is usually ‘give and take’ in that if "No Completion No Fee" is offered then the fee levels will tend to be be more expensive to offset those cases that do not go ahead. Please beware that such promotions rarely cover expenditure such as Streatham conveyancing search expenses.
What does my ID and proof of funds have anything to do with my conveyancing in Streatham? Why is this being asked of me?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identity of the potential client they are dealing with prior to agreeing to accepting their conveyancing instruction. The Terms and Conditions that you are required to sign should reaffirm this. Your lender will also require certain documents to be viewed. Where you refuse to provide identification documents, your solicitor would not be able to act for you.
My Conveyancer in Streatham is not listed on the Alliance & Leicester Approved Panel. Is it possible for me to use my family solicitor notwithstanding that they are excluded from the Alliance & Leicester list of approved lawyers?
The limited options open to you here include:
- Carry on with your existing Streatham lawyers but Alliance & Leicester will need to instruct a conveyancer on their list of acceptable firms. This will result in additional total legal charges and result in frustration.
- Choose a new solicitor to act in the conveyancing, not forgetting to check they are on the Alliance & Leicester panel
Will our lawyer be asking questions about flooding during the conveyancing in Streatham.
The risk of flooding is if increasing concern for lawyers dealing with homes in Streatham. Plenty of people will acquire a house in Streatham, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Conveyancers are not best placed to give advice on flood risk, but there are a numerous searches that can be undertaken by the purchaser or by their solicitors which should give them a better understanding of the risks in Streatham. The conventional set of property information forms supplied to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard inquiry of the owner to find out if the property has ever been flooded. If flooding has previously occurred which is not notified by the vendor, then a purchaser could bring a claim for damages resulting from an inaccurate answer. The purchaser’s solicitors will also carry out an enviro report. This will disclose if there is any known flood risk. If so, more detailed investigations should be carried out.
What does commercial conveyancing in Streatham cover?
Non domestic conveyancing in Streatham incorporates a broad range of advice, provided by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I need to instruct a conveyancing solicitor for purchase conveyancing in Streatham. I happened to discover a site which looks to be the ideal answer If it is possible to get all the legals completed via email that would be preferable. Should I be concerned? What are the potential pitfalls?
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?