Do all mortgage companies provide you with an approved list of Woodford conveyancing solicitors? How do you know who is on the TSB conveyancing panel?
Woodford conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
My bid for a property was accepted at auction in Woodford. Conveyancing is required. What happens now?
Having legally committed yourself to purchase you should appoint a conveyancing lawyer soon as you are faced with a pending a drop dead date to complete the deal. Every auction property will have a bespoke auction set of papers. This should include most,if not all of the paperwork that your conveyancer will need. In the case of leasehold property the legal papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You should give this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are in place to complete on the date specified in the contract.
I am currently in the process of buying my council flat in Woodford. I have a mortgage offer with HSBC. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
I was told three weeks ago that my mortgage has been agreed to by Lloyds. Is it usual for Lloyds to only issue the offer once my solicitor in Woodford is approved on their conveyancing panel? Lloyds have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am purchasing my first flat in Woodford with a loan from Nationwide Building Society. The developers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not to tell my conveyancer about this deal as it will impact my mortgage with the lender. Is this normal?.
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've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Woodford is where the house is located. What do you suggest?
Flying freeholds in Woodford are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Woodford you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodford may decide 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 property.
We are 14 days into a freehold purchase having been directed to conveyancers by the estate agent to execute conveyancing in Woodford. I am am very disappointed with the level of service. Could you help me find new solicitors?
They would need to be very poor to suggest replacing them. Has your mortgage offer been generated? If so you will need to inform them of the new contact details and get the loan are issued to the new lawyers. Your new conveyancer needs to be on the banks panel to avoid escalating fees and frustration. So that should be your first question of the new conveyancers. The find a solicitor tool will assist you in finding a bank approved solicitor for your conveyancing in Woodford
My folks cant seem to find their Woodford land registry title on the online search facility. They recall that back in the 60’s when they purchased the house there were complications regarding Woodford not being identified on some systems.
Nearly all properties in Woodford should show up. Have you limited your search to simply the postcode. Ordinarily it will reveal all the properties within the postcode. Where recorded it will show up with a title number. If they bought 48 years ago it's conceivable it may be unrecorded. The address may still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title papers which may be with your parent’s lender.