I require conveyancing for an apartment in a fairly new development (seven years old) in Thamesmead. 95% of the appartments are already disposed of. Do I need carry out the local searches as part of conveyancing in Thamesmead?
Conveyancing Searches are a critical link in the Thamesmead conveyancing process. There are a large number of companies conducting Thamesmead conveyancing searches, as well direct from the local authority. These are generally termed personal search companies due to them carrying out, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authoritative source.
My uncle advised me that in purchasing a property in Thamesmead there may be various restrictions as to what one can do in terms of external alterations to the property. Is this right?
We are aware of a number of properties in Thamesmead which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Thamesmead should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
is it true that all Thamesmead solicitor firms on the Virgin Money conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be governed by the SRA. The majority of mortgage companies do list licenced conveyancers on their panel in which case such organisation would be overseen by the Council of Licensed Conveyancers.
We have a mortgage agreed in principle with Lloyds. Thamesmead conveyancing solicitors are selected. What is the average time that one could expect to receive a mortgage offer from Lloyds?
There is no definitive answer here. Have Lloyds completed the survey? Have you informed Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Various web forums that I have come across warn that are the main cause of hinderance in Thamesmead house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Thamesmead.
Are there restrictive covenants that are commonly picked up during conveyancing in Thamesmead?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Thamesmead. 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…’
How does conveyancing in Thamesmead differ for new build properties?
Most buyers of new build property in Thamesmead come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Thamesmead usually 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 property lawyers 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 Thamesmead or who has acted in the same development.
My partner has urged me to use his conveyancers in Thamesmead. Do I follow his recommendation?
Much as we are happy to recommend a Thamesmead conveyancing lawyer the ideal way to choose a conveyancing practitioner is to seek feedback from friends or relatives who have previously instructed the solicitor that you are considering.