We see that you have a search directory listing firms on the Co-operative conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Walworth?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Walworth.
Forgive me if this question is silly but I am unseasoned as a first time purchaser of a ground floor flat in Walworth. Do I collect the keys to the house on the completion date from my lawyer? If so, I will find a local conveyancing solicitor in Walworth?
On the day of completion you will not be required to go to the conveyancers office in Walworth. Your solicitors will transfer the purchase money to the seller's lawyers, and shortly after the monies have arrived, you will be able to receive the keys from the Estate Agents and move into your new home. Usually this occurs between 1 and 3pm.
I happen to be the only beneficiary of my late grandmother’s estate and I have everything in my name alone, including the house in Walworth. Conveyancing formalities meant that the Land Registry date was in December. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership could be considered the same way as if I'd bought the property in December. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. many lenders would take a pragmatic view as this requirement is primarily there to pick up on the purchase and immediately sell or the wholesaling and assigning of properties.
I have a mortgage with Principality for my property in Walworth. Conveyancing has been completed a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Principality?
Principality must be informed of your intention prior to renting your property as this is likely to be a breach of Principality’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Principality directly. It should not be necessary to do this via a Principality conveyancing panel solicitor.
The estate agent has sent us the confirmation of our purchase of a new build flat in Walworth. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Walworth
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Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Given that I will soon part with 450k on a two bedroom apartment in Walworth I would like to talk to a conveyancer about myhome move prior to giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer who will be carrying out your property ownership legalities in Walworth.There is no ‘factory style conveyancing’ - each client is an important person, not a case number. The law firms that we put you in touch with believe that the figure you are quoted for your conveyancing in Walworth should be the amount on the final invoice that you are charged.
I am one month into a residential purchase having been referred to conveyancers by the local agent to carry out the conveyancing in Walworth. We are not happy. Can you help me find new solicitors?
A conveyancer would need to be very bad in order to consider diss instructing them. Has the mortgage been issued? If so you will need to advise them of the new contact details and have the mortgage documents are issued to the new lawyers. The conveyancer needs to be on the mortgage company approved list to avoid added fees and frustration. That should be your first question of the new solicitors. Our search tool can assist you in finding a lender approved lawyer for your home move in Walworth
What is the reason for my solicitor requiring a list of items of identification ahead of starting my conveyancing in Walworth?
Walworth solicitors are duty bound by the Law Society, SRA, HMLR and current Money Laundering legislation to certify that the have verified the identity of their clients. It will also be a requirement of your mortgage offer. Furthermore they have to complete various forms, particularly those relating to stamp duty land tax and need to have information such as your full names, national insurance number and DOB.