What is the first thing I need to know regarding purchase conveyancing in Acton?
Not many law firms shout this from the rooftops but conveyancing in Acton and elsewhere in England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists plenty of opportunity for conflict between you and others involved in the legal transfer of property. For example, the seller, property agent and even potentially your lender. Choosing a law firm for your conveyancing in Acton an important selection as your conveyancer is your adviser, and is the SOLE party in the legal process whose interest is to act in your legal interests and to protect you.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone has to be blamed for the process taking so long. We recommend that you should always trust your solicitor above all other parties when it comes to the legal assignment of property.
My house in Acton is up for sale and I have a purchaser. Does my property lawyer need to be on the Leeds Building Society conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Leeds Building Society conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.
I opted to have a survey carried out on a house in Acton in advance of retaining conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some lenders tend not issue a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you contact us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Acton. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I best advised to instruct a Acton conveyancing solicitor in close proximity to the house I am purchasing? We have a good friend who can perform the legal formalities however her office is approximately 350kilometers drive away.
The benefit of a local Acton conveyancing firm is that you can drop in to sign documents, deliver your ID and pester them if necessary. Having local Acton know how is a plus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and they were impressed that must trump using an unknown Acton conveyancing solicitor solely due to them being Acton based.
My lawyers in Acton have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with the mortgage company. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the mortgage company directly.