At what point does exchange of contracts take place for sale conveyancing in Vauxhall and do I need to attend the conveyancers branch?
Where you are round the corner to our conveyancing solicitors in Vauxhall you are invited in to sign documents. That being said, the law practices we recommend provide countrywide coverage for conveyancing and give just as detailed and professional a job for you when communicating with you digitally. The executing of the purchase agreement is not the important part. Signing on the dotted line is necessary for the solicitor to officially exchange at the suitable time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Vauxhall)to be in the office at the appropriate time.
Forgive me if this question is silly but I am wet behind the ears as a 1st time purchaser of a two bedroom flat in Vauxhall. Do I receive the keys to the premises on completion from my solicitor? If so, I will appoint a local conveyancing solicitor in Vauxhall?
On the day of completion you do not need to attend the conveyancers office in Vauxhall. Your solicitors will arrange to send the purchase money to the owner’s solicitors, and shortly after the monies have arrived, you should be able to pick up the keys from the Estate Agents and start moving into the property. This tends to happen between 1 and 3pm.
I happen to be the sole beneficiary of my late mum's will and I have everything in my name now, including the my former home in Vauxhall. Conveyancing formalities meant that the Land Registry date was in October. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership could be considered the same way as though I had purchased the property in October. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. Most lenders would take a sensible view as this requirement is chiefly there to pick up on subsales or the flipping of property.
Virgin Money have agreed my mortgage in principle, my bid on a flat in Vauxhall has been agreed to, now what?
The estate agent will want to know who your solicitors are (ensure that the conveyancers are on the bank’s approved list). Contact Virgin Money or the broker and finalise any appropriate forms. Virgin Money will appoint a valuer who will get in touch with the selling agent or seller to book an appointment. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Virgin Money will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Vauxhall.
Do I need to take out insurance to address the risk of chancel repairs when buying a house in Vauxhall?
Unless a previous purchase of the house took place post 12 October 2013 you can take it that lawyers conducting conveyancing in Vauxhall to continue to advocate a chancel search and or insurance against a claim.
I'm purchasing a new build house in Vauxhall with a mortgage from Platform Home Loans Ltd. The sellers would not budge the price so I negotiated £7000 of additionals instead. The estate agent advised me not disclose to my solicitor about the extras as it could impact my loan with Platform Home Loans Ltd. Should I keep quiet?.
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'm converting the mortgage on my existing house to a buy to let mortgage with National Westminster Bank and I will use the ballance of the raised equity towards another property. The location we are interested in is Vauxhall. Will your lawyers be able to act for both sets of banks and tie in the two deals?
Do use our comparison tool on this site to be sure that the lawyers are approved by both lenders. On the basis that they are your solicitor should be able to tie up the two transactions but you should have a chat with you lawyer and make clear your desired outcome and requirements.
I was advised by my bank that their panel conveyancers work on no move no charge basis for conveyancing in Vauxhall. Our purchase fell through yet the conveyancers have requested search fees! They are stating that the fees are nothing to do with their fees!
Vauxhall conveyancing search fees are separate expenses not legal fees as these are due to a third party.