My fiance and I are intent on acquiring a ground floor flat in Wembley. My Solicitor is not listed on the lender approved list. Is it possible for me to appoint my Wembley conveyancing solicitor even though they are excluded from the mortgage company approved list?
Your options include
- Carry on with your existing Wembley lawyer but your bank will need to instruct a conveyancing practitioner from their conveyancing panel. The net result is additional cost and potential delay.
- Get a new lawyer to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your lawyer to attempt to join the mortgage company panel
Will our lawyer be raising questions concerning flooding during the conveyancing in Wembley.
Flooding is a growing risk for lawyers dealing with homes in Wembley. Plenty of people will buy a property in Wembley, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not best placed to impart advice on flood risk, but there are a various checks that may be carried out by the buyer or by their lawyers which should give them a better understanding of the risks in Wembley. The conventional set of completed inquiry forms sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) includes a standard question of the seller to discover whether the property has ever been flooded. In the event that the residence has been flooded in past which is not notified by the owner, then a buyer may commence a legal claim for losses stemming from an incorrect reply. The buyer’s conveyancers will also order an environmental report. This should disclose if there is any known flood risk. If so, more detailed investigations should be conducted.
I have recentlydiscovered that Wolstenholmes have closed. They carried out my conveyancing in Wembley for a purchase of a freehold house 10 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The easiest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wembley conveyancing specialists.
How does conveyancing in Wembley differ for new build properties?
Most buyers of new build premises in Wembley contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is finished. This is because developers in Wembley usually acquire the site, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Wembley or who has acted in the same development.
I need to instruct a conveyancing solicitor for sale conveyancing in Wembley. I happened to chance upon a site which seems to have the perfect offering If it is possible to get all the legals completed via web that would be preferable. Do I need to be concerned? 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?
We have appointed a Wembley conveyancing solicitor for our home move (first time buyers) and have spotted in the engagement letter that they are not regulated by the Financial Conduct Authority. Need I be worried or is that standard with conveyancer?
We can't see why they should be. Most solicitor don't lend money. They will be regulated by the Solicitors Regulation Authority, who have strict laws in place on monies sitting on client account.