I have given 8 weeks notice to my existing landlord and have to leave my rented property in Teddington by 30/12/2024. Conveyancing for my house purchase has just started. How realistic is it to complete in a couple of weeks as don't want to have to find temporary accommodation?
Generally one should not give notice for your tenancy until exchange of contracts has taken place. Assuming that you have not previously done so, update to your conveyancer and request that they apply pressure on the sellers lawyers, try to get a realistic time scale from them that all parties will aim to achieve
Having sold my house in Teddington last December but our buyer keeps telephoning me to say his lawyer is waiting to hear from mine. What should have happened following completion?
Following your house sale your conveyancer is duty bound to deliver the transfer deeds and all additional paperwork to the purchaser's solicitors. Where appropriate, your lawyer should also evidence that the home loan has been paid off to the purchasers conveyancers. There are no post completion requirements peculiar conveyancing in Teddington.
Are all Teddington Conveyancing Quality Solicitors on the Barclays conveyancing panel?
A selection of banks and building societies now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
We expect to receive a AIP from Barclays this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Barclays recommend any Teddington solicitors on the Barclays conveyancing panel, or is it better to go independently?
You will need to appoint Teddington solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
The mortgage over my property is with Leeds Building Society for my property in Teddington. Conveyancing was finalised a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Leeds Building Society?
Leeds Building Society must be informed of your intention prior to renting your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. It may be that Leeds Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. It should not be necessary to do this via a Leeds Building Society conveyancing panel solicitor.
What does a local search inform me regarding the house I am purchasing in Teddington?
Teddington conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company such as Searches UK The local search plays an important part in many a Teddington conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search should supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
I am using a search engine for the term conveyancing in Teddington it reveals numerous conveyancersin the area. How do I determine which is the suitable conveyancer for me?
The preferential method of finding the right conveyancer is via trusted referral, so enquire of colleagues and relatives who have bought a property in Teddington or a local estate agent or mortgage broker. Fees for conveyancing in Teddington vary, so it's sensible to secure a minimum of three quotes from different property lawyers. Make sure that you know what costs in the quote includes.