Why do I have to pay up front for conveyancing in Stockwell?

Where you are retaining lawyers for conveyancing in Stockwell your solicitor will request that you to provide them with funds to cover the search fees. Normally this is requested to cover the fees of the conveyancing searches. If any down payment is payable against the sale price then this will be needed shortly prior to contracts are exchanged. The closing balance that is needed should be sent to your lawyer a few days ahead of the day of completion.

Our bank has recommended solicitors on their panel based in Stockwell but I would rather choose a conveyancing lawyer in Stockwell or nearer to where I live. Are you able to assist?

It is by no means the case that all Stockwell conveyancing practices are on all lender’s conveyancing panel. Please make the most of the above search tool to locate a Stockwell conveyancing solicitor on the on the lender panel.

I just acquired a property at auction in Stockwell. Conveyancing is needed. What are my next steps?

Having legally committed yourself to purchase you must appoint a conveyancing lawyer soon as you are faced with a fast approaching a fixed date to complete the deal. Every auction property will ordinarily have a bespoke legal set of papers. This will include evidence of title and search results. Where you are dealing with leasehold property the auction papers may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You must give this to the lawyer working for you as soon as possible. Do make sure that your finances are in order to complete on the date specified in the contract.

I am buying a terrace house in Stockwell. The intention is to an extension at the rear at the house.Will the conveyancing process involve investigations to see if these alterations are permitted?

Your conveyancer should review the registered title as conveyancing in Stockwell will sometimes identify restrictions in the title deeds which prevent certain alterations or require the permission of a 3rd party. Certain works call for local authority planning permissions and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be prudent to check these things with a surveyor before you commit yourself to a purchase.

is it true that all Stockwell conveyancing solicitors on the RBS conveyancing panel are governed by the Solicitors Regulatory Authority?

As solicitors, in order to be on the RBS approved list of solicitors they would need to be regulated by the SRA. Some mortgage companies do list licenced conveyancers on their panel in which case such organisation would be governed by the CLC.

I am purchasing a new build house in Stockwell with a loan from Skipton Building Society. The builders would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not inform my lawyer about the extras as it may impact my mortgage with Skipton Building Society. Do I keep my lawyer in the dark?.

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.

My husband and I are FTB’s - agreed a price, yet the selling agent informed us that the seller will only issue a contract if we instruct their chosen solicitors as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local solicitor used to conveyancing in Stockwell

We suspect that the owner is unaware of this request. If they require ‘a quick sale', alienating a serious purchaser is counter productive. Contact the owners directly and make sure they comprehend that (a)you are motivated purchasers (b)you are ready to go, with finances in place © you do not need to sell (d) you intend to proceed fast (e)but you will continue to instruct your preferred Stockwell conveyancing solicitors - not the ones that will give their negotiator at the agency a commission or achieve conveyancing thresholds pre-set by senior management.