Unfortunately I am unable to travel far from Stamford Bridge. Is there a reason why all Stamford Bridge lawyers are not on all mortgage company panels?

Lenders tend to impose restrictions on either the nature or the number of conveyancing practices on their approved list of lawyers. A common example of such criteria being that a organisation is required to have at least two partners. As well as restricting the type of firm, some building societies made a decision to reduce the number of firms they use to act for them. It is worth noting that lenders have no liability for the quality of conveyancing supplied by any Stamford Bridge conveyancer on their panel. Mortgage fraud was the key driver in the reduction of conveyancing panels in the last decade even though there are conflicting points of view concerning whether solicitors sat at the center of that fraud. Data published by HMLR indicates that thousands of conveyancing practices only conduct less than three conveyances annually. Those supporting conveyancing panel consolidation question why law firms should have any entitlement to remain on a lender panel when it is evident that property law is not their speciality?

The sellers of the home we are looking to purchase hired a conveyancing firm in Stamford Bridge who has insisted on a exclusivity contract with a down payment 10k. Are such arrangements appropriate for Stamford Bridge conveyancing transactions?

Exclusivity agreements are agreements binding a property owner and purchaser giving the buyer the sole right to the sale of the property for a limited period of time. Essentially, a lock out agreement is a contract stating that you should be issued with a contract at a later date which is the contract for the actual sale. It is generally used for buyer assurance though in many situations, the vendor may stand to benefit from such agreements as well. There are various positives and negatives to having them but you need to check with your lawyer but beware that it may result in incurring extra in conveyancing fees. In light of these reasons these contracts are unusual when it comes to conveyancing in Stamford Bridge.

I purchased my flat on 1 March and my personal details are still not registered. Any reason for this? My conveyancing solicitor in Stamford Bridge said it should be formalised in less than a month. Are transfers in Stamford Bridge particularly slow to register?

As far as conveyancing in Stamford Bridge registration is no faster or slower than the rest of the country. Rather than based on location, timescales can adjust subject to who lodges the application, whether it is in order and whether the Land registry need to notify any other parties. Currently in the region of 80% of submission are fully dealt with within 12 days but occasionally there can be protracted hold-ups. Historically registration occurs after the buyer is living at the premises so post completion formalities is not typically an essential issue yet where it is urgent that the the registration takes place urgently then you or your solicitor should communicate with the Registry to express the reasoning for an expedited registration.

I'm buying my first flat in Stamford Bridge with a loan from National Westminster Bank. The sellers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not disclose to my lawyer about this side-deal as it may affect my mortgage with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer 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.

In my capacity as executor for the will of my grandfather I am disposing of a house in Newport but live in Stamford Bridge. My lawyer (who is 300 kilometers awayrequires that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing practitioner in Stamford Bridge who can witness and place their company stamp on the document?

strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are based in Stamford Bridge