Do lawyers ask for money on account for my conveyancing in East Croydon?

Where you are retaining lawyers for conveyancing in East Croydon your solicitor will ask you put them with funds to cover the the cost of the conveyancing searches. Ordinarily this is called for to cover the fees of the conveyancing searches. When the down payment is payable against the total price then this will be needed immediately ahead of contracts are exchanged. The final balance that is needed should be transferred shortly before completion.

This question may be naive but I am wet behind the ears as FTB of a ground floor flat in East Croydon. Do I pick up the keys to the property on the completion date from my lawyer? If so, I will appoint a High Street conveyancing solicitor in East Croydon?

There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the seller's solicitors, and once they have received this, you will be called to collect the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.

A relative advised me that in purchasing a property in East Croydon there may be a number of restrictions limiting what one can do in terms of external changes to the property. Is this right?

There are a number of properties in East Croydon which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in East Croydon should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

We previously selected solicitors based in East Croydon on the Nationwide solicitor panel. They have just invoiced me an additional amount for the legal aspects of the Nationwide mortgage. Is this a supplemental conveyancing fee set by Nationwide?

Provided it is contained in their Terms of Engagement or Quote then yes your conveyancer may levy a fee for this. This charge is not set by Nationwide but by your East Croydon solicitor. Some firms on the Nationwide panel will levy an ‘acting for lender’ fee but many practices incorporate it on their overall fee.

What does a local search reveal about the house I am buying in East Croydon?

East Croydon conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company for instance PSG The local search is essential in every East Croydon conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will supply information on, amongst other things, details on planning applications relevant to the property (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 13 topic sections.

I'm buying my first flat in East Croydon benefiting from help to buy. The sellers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not inform my lawyer about this extras as it would impact my loan with the lender. Do I keep my lawyer in the dark?.

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.

What does commercial conveyancing in East Croydon cover?

Commercial conveyancing in East Croydon covers a broad range of guidance, given by qualified solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.