I am not well enough to travel far from Marlow. I would like to know the understand why all Marlow lawyers are not on all mortgage company panels?
As inequitable as it may appear for banks to restrict who can act for them, from the public’s or lawyer’s standpoint, the other side of the coin is that lending institutions are becoming ever more anxious and consider it crucial to shield themselves against illegal activities. As a consequence of this concern mortgage companies are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
We are purchasing our first property. Our solicitor has calledto ask if we want to take out supplemental conveyancing searches. We are really unsure what's recommended for conveyancing in Marlow
The type of Marlow conveyancing searches should be triggered based primarily on the premises, the location, the likelihood of any of these risks, your familiarity of the area and risks, your overall attitude to risk. What matters is that you properly comprehend what information each search could give you. Then you can make a decision if you consider that you need that information. Where you are uncertain, ask the solicitor to offer guidance.
We are purchasing a flat in Marlow. It might be a silly question but how we can trust a conveyancer? At some point we have to send our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My stepmother advised me that in buying a property in Marlow there could be a number of restrictions affecting the ability to carry out external changes to a property. Is this right?
There are anumerous of properties in Marlow which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Marlow should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
After what seems like an age I have had an offer on a maisonette in Marlow accepted, but there is a chain. The sellers have offered on a property, however it’s not been accepted yet, and are looking at other apartments in the pipeline. I have chosen a local conveyancing solicitor in Marlow. What should be my next step? When do I get the mortgage application with Lloyds going?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then valuation, Marlow conveyancing search costs, etc). First, you must check that your solicitor is on the Lloyds approved list. As to the next phase this very much dictated by the specifics of your transaction, motivation for the property and on the state of the market. During a rising market some buyers will apply for a home loan with Lloyds and pay for the valuation and only if it was satisfactory would they request their conveyancer to press on with the conveyancing in Marlow.
How does conveyancing in Marlow differ for newly converted properties?
Most buyers of new build residence in Marlow come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Marlow tend to buy the land, 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 property lawyers 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 used to new build conveyancing in Marlow or who has acted in the same development.
Why is New Build conveyancing in Marlow more expensive?
Conveyancing in Marlow for recently converted or new build properties usually involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as additional queries and contractual concerns.