I just bought a property at auction in Moor Row. Conveyancing is needed. What is next?

Now that you are for all intents and purposes signed on the dotted line you should retain a conveyancing lawyer as a matter of priority as you are faced with a tight a drop dead date to complete the conveyancing. All auction property will have an associated auction set of papers. This should include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the auction papers may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to leasehold premises. You should hand this to the solicitor instructed by you at the earliest opportunity. Do make sure that your finances are organised to complete the transaction on the set completion date.

Is it the case that all Moor Row solicitor practices on the Aldermore conveyancing panel are governed by the SRA?

As solicitors, in order to be on the Aldermore conveyancing panel they would need to be regulated by the SRA. Many mortgage companies do allow licenced conveyancers on their panel and in such a situation the firms would be regulated by the CLC.

Completion of my purchase has taken place for my property in Moor Row. Conveyancing was satisfactory but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?

All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.

I have been told that property searches are the main reason for obstruction in Moor Row conveyancing transactions. Is this right?

The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of slowing down conveyancing in Moor Row.

I am purchasing a new build house in Moor Row benefiting from help to buy. The sellers refused to move on the price so I negotiated 6k of extras instead. The estate agent suggested that I not disclose to my lawyer about this deal as it could jeopardize my mortgage with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer 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.

Am I better off to use a Moor Row conveyancing solicitor who is local to the property I am hoping to buy? We have a good friend who can carry out the legal work however her office is over three hundred kilometers drive away.

The primary upside of using a high street Moor Row conveyancing practice is that you can visit the firm to sign documents, present your ID and pester them where appropriate. Having local Moor Row know how is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and in the main were impressed that should surpass using an unknown Moor Row conveyancing lawyer just because they are round the corner.

Why do I have to supply my conveyancer with various items of identification before they can commence with selling or purchasing a property in Moor Row?

Moor Row conveyancers are required by the Law Society, Solicitors Regulation Authority, the Land Registry and current AML Regulations to record that the have checked the identity of their clients. It is also sometimes a condition of your bank where you are obtaining a mortgage. Furthermore they have to complete various forms, particularly those relating to Land Tax and need to have information such as your full names, NI number and DOB.