We're in Whitechapel, FTBs purchasing with a mortgage (lender is Principality , and our solicitor is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
My wife and I own a terraced Edwardian house in Whitechapel. Conveyancing practitioner acted for me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the matching property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Whitechapel and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with your conveyancing solicitor who completed the work.
I'm purchasing a new build house in Whitechapel benefiting from help to buy. The builders would not reduce the amount so I negotiated £7000 of additionals instead. The property agent suggested that I not reveal to my solicitor about the extras as it could jeopardize my mortgage with Leeds 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.
How difficult is it to change firm as I need to retain a firm on the Godiva Mortgages Ltd conveyancing panel. I instructed a high street conveyancing solicitor in Whitechapel five minutes from me but the firm is not approved by Godiva Mortgages Ltd
It would be our pleasure to help you select a conveyancing solicitor in Whitechapel on the Godiva Mortgages Ltd panel. Please note that the conveyancers that we on the directory do not pay us commission if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in Whitechapel. Using search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Whitechapel.
I am using a search engine for the words cheap conveyancing in Whitechapel it brings up numerous conveyancerslocally. With so much choice what is the best way to find the suitable solicitor for purchase transaction?
The preferential method of finding the right conveyancer is via personal testimonial, so ask colleagues and those you trust who have purchased a property in Whitechapel or the reputable estate agent or financial adviser. Fees for conveyancing in Whitechapel differ, so it's sensible to secure at least three quotes from different law firms. Make sure that you know what costs in the quote includes.