AssumingI were to acquire a freehold housein Edgware mortgage fee and have no survey and no conveyancing searches how much could I expect to to save on my conveyancing in Edgware?

Any savings you would achieve would be isolated to the disbursement for searches. A solicitor still got to do everything else - money laundering, liaising with your vendors lawyer, SDLT return, register the ownership etc. A marginal saving might be made by not needing to register a charge but it will not be meaningful.

A friend pointed out to me me that in purchasing a property in Edgware there may be a number of restrictions prohibiting external alterations to the property. Is this right?

We are aware of anumerous of properties in Edgware which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Edgware should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Nottingham have agreed my mortgage in principle, my offer on a apartment in Edgware has been accepted, what happens next?

The estate agent will want to be advised as to your property lawyer's details (ensure that the property lawyers are on the lender’s approved list). Telephone Nottingham or your broker and finish off any outstanding documentation. Nottingham will appoint a valuer who will get in touch with the estate agent or seller to schedule an appointment. Once carried out (assuming no problems) it takes about ten days for the mortgage offer to be issued. Nottingham will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Edgware.

My sealed bid on a house in Edgware has been accepted, but there is a chain. The owners have put an offer on a flat, however it’s not yet agreed to, and have viewings of other properties booked. I have chosen a bricks and mortar conveyancing solicitor in Edgware. What do I do now? When do I get the mortgage application with HSBC started?

It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then valuation, Edgware conveyancing search fees, etc). The first thing to do is ensure that your conveyancer is on the HSBC conveyancing panel. Regarding the subsequent steps this very much dictated by the specifics of your transaction, attraction to the property and on the state of the market. In a hot market many purchasers would apply for the mortgage with HSBC and pay for the valuation and only if it was satisfactory would they request their conveyancer to move forward with searches.

Should our solicitor be raising questions regarding flooding as part of the conveyancing in Edgware.

Flooding is a growing risk for lawyers conducting conveyancing in Edgware. There are those who purchase a house in Edgware, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.

Lawyers are not best placed to offer advice on flood risk, but there are a numerous searches that may be initiated by the buyer or on a buyer’s behalf which should figure out the risks in Edgware. The conventional set of information sent to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the owner to determine if the property has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the seller, then a buyer may bring a compensation claim resulting from an inaccurate answer. The purchaser’s solicitors should also carry out an enviro search. This will higlight if there is a recorded flood risk. If so, additional inquiries will need to be conducted.

I'm buying my first flat in Edgware with a loan from Clydesdale. The builders refused to reduce the price so I negotiated five thousand pounds worth of extras instead. The sale representative told me not inform my conveyancer about this deal as it would put at risk my mortgage with the lender. Should I keep quiet?.

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 am looking to sell my property. My previous lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Edgware if that makes a difference.

Please use our search tool to help you find a solicitor for your conveyancing in Edgware. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.