How up to date is your database of Woolwich solicitors on the Barclays conveyancing panel? Do Barclays send you an updated list?
Woolwich conveyancing firms themselves provide us confirmation that they are on the Barclays conveyancing panel as opposed to being supplied with a list from Barclays directly.
I am considering applying for a RBS mortgage for purchase of a new build (under development) in Woolwich with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for RBS ?
There is nothing to stop you using your solicitor, but RBS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I require expedited conveyancing in Woolwich as I have an ultimatum to sign on the dotted line in less than one month. Thankfully I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a mortgage free buyer you have the choice not to have searches conducted although no solicitor would recommend that you don't. With lots of history conveyancing in Woolwich the following are instances of what can crop up and adversely affect future saleability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...
How does conveyancing in Woolwich differ for new build properties?
Most buyers of new build residence in Woolwich come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Woolwich tend to buy 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 Woolwich or who has acted in the same development.
I've recently found out 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. Woolwich is where the house is located. Can you shed any light on this issue?
Flying freeholds in Woolwich are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Woolwich you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woolwich may determine 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.
Is it best to instruct a Woolwich conveyancing lawyer in close proximity to the house I am hoping to buy? An old friend can perform the legal work but his firm is located 200miles drive away.
The primary upside of using a high street Woolwich conveyancing firm is that you can drop in to sign paperwork, hand in your ID and apply pressure on them if necessary. Having local Woolwich know how is a bonus. That being said it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and the majority were content that must trump using an unknown Woolwich conveyancing solicitor just because they are local.