I had intended to instruct a conveyancing solicitor in Eltham for our house move. Our broker has since notified us that our bank Alliance & Leicester won't deal with them. Surely this is unduly restrictive?
A mortgage company will insist on an approved conveyancer act for it. Borrowers are liable to bear the charges for this. Please make use of our database to find a solicitor to carry conveyancing in Eltham on the Alliance & Leicester member panel.
is it true that all Eltham solicitor practices on the Clydesdale conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Clydesdale approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do permit licenced conveyancers on their panel in which case such organisation would be overseen by the CLC.
I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Eltham building society branch on a couple of occasions and was told they are content with the situation and they will lend. My Eltham conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend in accordance with their specific requirements. I simply don't know who is right.
As long as the solicitor is on the lender approved list, they must follow the CML Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Nationwide have agreed my home loan in principle, my offer on a property in Eltham has been accepted, what happens next?
Your property agent will want to be advised as to your property lawyer's details (be sure the conveyancing practitioners are on the lender’s panel). Contact Nationwide or your broker and finish off any appropriate paperwork. Nationwide will appoint a valuer who will get in contact with the selling agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes about ten days to receive the mortgage offer. Nationwide will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Eltham.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The solicitors who conducted the conveyancing in Eltham 5 years ago have long since closed. What do I do?
These day there are duplicates made of almost everything, and your lawyer should know precisely where to locate all the relevant documentation so you can purchase or dispose of your house without any difficulty. Where duplicates are not available, your conveyancer may be able to put in place insurance or indemnities protecting you against future claims on the property.
How does conveyancing in Eltham differ for newly converted properties?
Most buyers of new build residence in Eltham contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because house builders in Eltham tend to buy the site, 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 conveyancers 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 Eltham or who has acted in the same development.
My step-father has urged me to appoint his conveyancing solicitors in Eltham. Should I find my own conveyancer?
There are no two ways about it it’s preferable to find a conveyancing solicitor is to get feedback from friends or relatives who have used the solicitor that you are considering.