Will conveyancers ask for money up-front for my conveyancing in Shadwell?

If you are buying a property in Shadwell your solicitor will request that you place them with funds to cover the search fees. Normally this is requested to cover the fees of the Local Authority Search. If any down payment is payable against the sale price then this should be required shortly ahead of contracts are exchanged. The closing balance that is due should be transferred shortly before completion.

A relative informed me that in purchasing a property in Shadwell there could be various restrictions preventing external alterations to the property. Is this right?

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

When it comes to lenders such as Barclays, do Shadwell conveyancers incur an annual charge to be on the conveyancing panel?

We are unaware of any mortgage company fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.

We expect to receive a OIP from Principality this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Principality recommend any Shadwell solicitors on the Principality conveyancing panel, or is it better to go independently?

You will need to appoint Shadwell solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.

The deeds to my house are lost. The solicitors who conducted the conveyancing in Shadwell 5 years ago have long since closed. What are my next steps?

You no longer need to have the physical official documentation to establish that you own the land or property, as the Land Registry hold details of all registered land or property electronically.

I'm buying my first flat in Shadwell with the aid of help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not to tell my conveyancer about the side-deal as it could affect my mortgage with Chelsea Building Society. 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.

My husband and I are a fortnight into a leasehold purchase having been recommend to a firm by the selling agent to carry out the conveyancing in Shadwell. I am am extremely dissatisfied with the quality of service. Could you you assist me in finding new conveyancers?

They would need to be very poor in order to consider replacing them. Has the mortgage been issued? In the event that it has you must make them aware of the new conveyancer and have the loan are issued to the new lawyers. Your conveyancer should be on the banks panel to avoid escalating costs and frustration. That should be your starting point. Our search tool can assist you in finding a lender approved conveyancer for your conveyancing in Shadwell