At what point does exchange of contracts occur in residential conveyancing in Whitechapel and do I need to be at the lawyers branch?
If you are in close proximity to our conveyancing solicitors in Whitechapel you are welcome to come in to sign documents. However, the law practices we work with supply countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when dealing with you electronically. The signing of the contract is not the point of no return. A signed contract is just a prerequisite for the solicitor to exchange contracts at the suitable time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Whitechapel)to be in the office at the appropriate time.
I am purchasing a semi-detached house in Whitechapel. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Whitechapel you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Whitechapel.
We are due to move house in September. Will my conveyancing solicitor call the removal company on the day of completion. Incidentally, can you put forward a removal company in Whitechapel. Conveyancing solicitor was found before I stumbled across this page.
On the day of completion you will need to pick up the keys from the property agent however this should only take place after the sellers conveyancers advise the agent that they acknowledge receipt of the completion payment and the keys can be released. You should inform the removal company that you are ready to move in. As a matter of policy we do not suggest a particular removal company but can help you locate a residential property solicitor in Whitechapel or a firm with expertise in conveyancing in Whitechapel.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Whitechapel building society branch on a couple of occasions and was told they are content with the situation and they would lend. My Whitechapel conveyancing solicitor - who is on the lender conveyancing panel- called to say that they would not lend in accordance with their published requirements. Who do I believe?
The lawyer has to follow the CML Handbook section two provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Santander have agreed my home loan in principle, my offer on a flat in Whitechapel has been accepted, now what?
Your estate agent will wish to be advised as to your conveyancing practitioner's details (make sure the lawyers are on the bank’s approved list). Call up Santander or your broker and complete any appropriate paperwork. Santander will appoint a valuer who will get in contact with the selling agent or seller to book an appointment. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. Santander will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Whitechapel.
Do I need to take out insurance to cover chancel repairs when buying a residence in Whitechapel?
Unless a previous acquisition of the property took place post 12 October 2013 you can take it that solicitors conducting conveyancing in Whitechapel to continue to propose a a chancel search and or chancel repair liability policy.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Whitechapel is where the house is located. What do you suggest?
Flying freeholds in Whitechapel are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Whitechapel you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whitechapel may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
At last I have had an offer on an maisonette in Whitechapel agreed to, the vendor does however have an associated purchase. The sellers have offered on a property, but it’s not been accepted yet, and are looking at other flats in the pipeline. I have selected a nearby conveyancing lawyer in Whitechapel. What do I do now? When do I get the mortgage application with HSBC started with HSBC?
It is normal to have apprehensions where there is an associated chain as you are unlikely to want to incur expenses too early (mortgage application is in the region of one thousand pounds, then survey, Whitechapel conveyancing search fees, etc). The first thing to do is ensure that your conveyancing practitioner is on the HSBC approved list. Regarding the subsequent steps this very much depends on the specifics of your case, desire for the property and on the state of the market. During a hot market some purchasers would apply for the mortgage with HSBC and pay for the valuation and only if it was satisfactory would they request their lawyer to press on with the conveyancing in Whitechapel.