Can conveyancing in Mortimer to be completed within 3 weeks?
Where the seller is applying time constraints to sign contracts we would recommend that your lawyer is familiar with the area as they will make use of local contacts and know-how. It is possible that they would have conducted otherhouses in the same street. You would be best advised to use a Mortimer conveyancing firm. Second, double check that the conveyancing firm is on the lender panel. It is claimed that just under twenty per cent of Mortimer conveyancing transactions are frustrated or jeopardised after finding out that a purchaser’s solicitor was not on their banks member panel. This can often result in the legal transfer of property being frustrated by almost 21 days. It is claimed that this issue impacts approximately one hundred thousand home sales every year. Most Mortimer conveyancing practices can not act for certain lenders so do check as early as possible.
It is a dozen years since I bought my home in Mortimer. Conveyancing lawyers have recently been appointed on the sale but I am unable to find the deeds. Is this a problem?
You need not be too concerned. First the deeds may be retained by the lender or they could be in the possession of the lawyers who acted in the purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring up to date copy of the land registers. Most conveyancing in Mortimer relates to registered property but in the rare situation where your home is not registered it is more problematic but is resolvable.
My lawyer in Mortimer is not listed on the Barclays Direct Conveyancing Panel. Is it possible for me to use my prefered solicitor even though they are excluded from the Barclays Direct panel?
The limited options available to you here include:
- Carry on with your preferred Mortimer solicitors but Barclays Direct will need to use a lawyer on their list of acceptable firms. This will inevitably rack up the overall legal charges as well as result in frustration.
- Get an alternative solicitor to to deal with the purchase, remembering to check they are on the Barclays Direct panel
I am purchasing my first flat in Mortimer benefiting from help to buy. The sellers would not move on the amount so I negotiated 6k of additionals instead. The estate agent advised me not inform my lawyer about the deal as it will jeopardize my loan with the bank. 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 buying a garden apartment in Mortimer. Conveyancing solicitor is waiting for, from the vendor, building insurance schedule. This morning I was advised that the vendor must send the insurance documents for the flat above in addition. Why does my conveyancing practitioner want to check the insurance for the other flat? Is it really required? We have been in hold for the last month…
It is not unheard of in leasehold conveyancing in Mortimer to find Conveyancing in Mortimer in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats as opposed to the landlord insuring the complete premises - which is clearly better. Do clarify with your conveyancing practitioner but it would seem that your conveyancer is attempting to verify that the whole building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the other flat cannot be reinstated for lack of insurance cover.