I hired a Catford based solicitor for our conveyancing in Catford today. Going through the terms of engagement I seeI am on the hook for charges even if the sale doesn't happen. Should I ditch them and choose an internet firm promising no-sale-no-fee conveyancing in Catford?
It is usually a trade off in that if "No Completion No Fee" is advertised then the fee levels will generally be higher to cover the cases that do not proceed. Also remember that these promotions rarely protect you from outlay such your Catford conveyancing search fees.
We have rather assertive sellers who has insisted on a preliminary contract with a non-refundable deposit two thousand pounds. Is it wise to enter into such agreements?
Lock out agreements are agreements between a home owner and prospective acquirer giving the buyer exclusive rights to purchase the property for a limited period of time. Essentially, an exclusivity agreement is a contract stating that you will be issued with a contract at a later time being the main conveyancing contract. It tends to be utilised for buyer protection though in some cases, the proprietor may enjoy an upside from such agreements as well. There are numerous positives and negatives to using an agreement but you need to check with your lawyer but note that it may end up incurring more in conveyancing charges. In light of these reasons these contracts are not popular when it comes to conveyancing in Catford.
I am buying a terraced house in Catford. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Catford 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 Catford.
My wife and I are buying a property in Catford. I might seem paranoid but how we can trust a lawyer? On completion day we will need to send our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
The mortgage over my property is with Co-operative for my property in Catford. Conveyancing was finalised some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Co-operative?
You must advise Co-operative before letting out your property as this is likely to be a breach of Co-operative’s mortgage conditions. It may be that Co-operative will permit you to let 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 Co-operative directly. It should not be necessary to do this via a Co-operative conveyancing panel lawyer.
Intending to buy a maisonette in Catford. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Catford conveyancer is on the Leeds Building Society conveyancing panel.
As co-executor for the will of my aunt I am selling a house in Swansea but live in Catford. My solicitor (approximately 260 miles from meneeds me to sign a statutory declaration before the transaction finalising. Could you suggest a conveyancing practitioner in Catford who can witness this legal document for me?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are based in Catford