I have an AIP. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would prefer to instruct a Mayfair based conveyancing firm?
You should check but the the probability is that allocate you one of their panel solicitors where you want the "fee-free" incentive. Contact the mortgage company and determine if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Mayfair.
Me and my partner are purchasing a house in Mayfair. It might be a silly question but how we can trust a solicitor? On completion day we will need to deposit money into their account. What protection do we have from them run away with our monies?
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.
When it comes to mortgage companies such as Aldermore, do Mayfair solicitors incur an annual charge to be on the list of approved solicitors?
We are unaware of any bank fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Clydesdale have agreed my home loan in principle, my bid on a flat in Mayfair has been accepted, what happens next?
Your property agent will wish to know who your solicitors are (be sure the property lawyers are on the lender’s approved list). Call up Clydesdale or the broker and complete any relevant forms. Clydesdale will instruct a valuer who will get in touch with the estate agent or owners to arrange a time for the valuation to take place. Once carried out (assuming no problems) it takes about a fortnight to get a mortgage offer. Clydesdale will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Mayfair.
Due to the input of my in-laws I had a survey completed on a house in Mayfair prior to retaining conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some lenders may refuse to give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Mayfair. Conveyancing will be smoother if you use a solicitor in Mayfair especially if they are acquainted with such properties in Mayfair.
I am thinking of appointing a conveyancing lawyer in Mayfair for my purchase. Can I check a solicitor's record with the profession’s regulator?
One may review documented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The SRA could recorded telephone calls for training reasons.
Your search tool is useful but there are many lawyers listed near Mayfair being on the mortgage company conveyancing panel. Can you recommend a specific firm on the lender approved panel?
We are not in the business of recommending one firm above another as the right Mayfair conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Mayfair knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..