My friend's sister is a conveyancing practitioner. I am hopeful that I can be offered preferential pricing for conveyancing, However if that does not come through, what kind of figure should I be expecting for conveyancing in Southwater?

You should compare pricing. Make use of our comparison tool on this page. You will notice that estimates do vary but service levels do are distinct between property lawyers as is true with most professions.

Due to complete my purchase in Southwater next Monday. My solicitor now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the mortgage company. What does the insurance need to cover?

Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These obligations are not limited to conveyancing in Southwater.

Are there restrictive covenants that are commonly identified during conveyancing in Southwater?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Southwater. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

How does conveyancing in Southwater differ for newly converted properties?

Most buyers of new build or newly converted property in Southwater contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because builders in Southwater tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Southwater or who has acted in the same development.

Our lender agreed in principle to grant us a mortgage. We are using a local conveyancer in Southwater yesterday. A couple of hours ago, our financial adviser called to say that the lender said that we cannot use our solicitor as they aren't on their 'approved list'. As novices, we had no idea that the bank had a say Is this permitted?

You can actually appoint any lawyer you want to choose including the said conveyancer in Southwater however if they are not on the your bank's panel you would have to fork out additional cost so the bank can instruct their own conveyancer too. sometimes it is conceivable that your solicitor may apply to get added to the lender list of approved firms. You can use internet tools such as lenderpanel.com to find a conveyancing solcitor in Southwater on the lender panel. You can go into your local bank branch in Southwater. They can recommend conveyancing solicitors in Southwater on the panel for your lender.