We are purchasing a 3 bedroom apartment in Crofton Park with a mortgage. We like our Crofton Park lawyer, but the bank advise he's not on their "panel". We have to appoint one of the mortgage company panel firms or continue with our Crofton Park property lawyer and pay for one of their panel firms to represent them. This feels very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Crofton Park conveyancing lawyer to apply to be on the conveyancing panel.
The Crofton Park conveyancing firm handling our Crofton Park conveyancing has uncovered a difference when comparing the assumptions in the valuation survey and what is in the title deeds. My lawyer has advised that he needs to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s approach appropriate?
Your solicitor must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I need some expedited conveyancing in Crofton Park as I am faced with a deadline to sign on the dotted line within one month. Luckily I do not need a mortgage. Can I avoid the conveyancing searches to save money and time?
As you are are a mortgage free purchaser you have the choice not to do searches although no lawyer would suggest that you don't. Drawing on years of experience of conveyancing in Crofton Park the following are examples of issues that can show up and therefore affect market value: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...
How does conveyancing in Crofton Park differ for new build properties?
Most buyers of new build residence in Crofton Park come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Crofton Park typically buy the land, 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 property lawyers 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 Crofton Park or who has acted in the same development.
Been on the hunt for a conveyancer for leasehold sale conveyancing in Crofton Park. We are selling, simple no mortgage to redeem, no rush, no onward chain. Had an estimate from a property lawyer for £900 excluding VAT which is a little steep given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Crofton Park?
As it’s a sale only, £425 + VAT is likely to be about the best for sale conveyancing in Crofton Park.