Can conveyancing in Eltham to be done inside 10 days?
First, If the seller is applying time constraints to sign contracts it is highly recommended that your lawyer is familiar with the location as they will have local connections and know-how. It is even conceivable that they could have transacted previousproperties in the same road. You would be best advised to use a Eltham conveyancing lawyer. Second, check that the lawyer is on the on the approved list for your mortgage company. It is claimed that nearly one in five of Eltham conveyancing deals are frustrated or jeopardised after discovering a purchaser’s lawyer was not on their mortgage lender’s list of approved solicitors. This can often result in the legal process being delayed by almost three weeks. It is believed that this issue impacts approximately one hundred thousand home moves annually. Many Eltham conveyancing practices can not represent certain banks so do check at the outset.
I am selling our home in Eltham and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any local conveyancer would know that there is no such problem. It does beg the question why the buyers are using a factory type conveyancing outfit as opposed to a conveyancing solicitor in Eltham. Having lived in Eltham for 4 years we know that this is a non issue. Do we get in touch with our local Authority to seek clarification need.
It sounds as though you may have a conveyancing solicitor already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Are there restrictive covenants that are commonly identified during conveyancing in Eltham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Eltham. 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…’
I opted to have a survey done on a house in Eltham ahead of retaining solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some banks tend refuse to give a mortgage on such a house.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Eltham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Eltham to see if the conveyancing will be more expensive.
Are Eltham conveyancing solicitors duty bound by the Law Society to publish transparent conveyancing figures?
Contained within the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, represent the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Eltham or or elsewhere in the country.