Why do I have to pay up front for my conveyancing in New Cross?
If you are buying a property in New Cross your lawyer will request that you place them with funds to cover the the cost of the conveyancing searches. Generally this is requested to cover the fees of the conveyancing searches. If any down payment is as part of the total price then this will be required shortly ahead of exchange of contracts. The final balance that is due should be transferred a few days ahead of the completion date.
My lender has suggested a law firm on their panel based in New Cross but I would rather choose a conveyancing lawyer in New Cross round the corner to me. Can you assist?
Far from all New Cross conveyancing firms are on all banks conveyancing panel. Do make the most of the above search tool to choose a New Cross conveyancing conveyancer on the on the mortgage company panel.
We are buying a property in New Cross. It might be a silly question but how we can trust a conveyancer? At some point we have to send funds 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.
I am assisting my sister sell her property in New Cross. Will the conveyancing solicitor arrange an EPC or should I organise this?
After the demise of Home Packs, energy performance certificates remained a required part of selling a house. An energy assessment needs to be to hand prior to the property being placed on the market. It is not a task that law firms ordinarily arrange. Where you are instructing a New Cross conveyancing practitioner they may be able to arrange energy performance certificates due to their relationships with reputable local accredited person
Can you help - my lawyer says that absentee landlord insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in New Cross?
The right level of absentee landlord indemnity insurance should be dictated by who who your lender is. It would differ for example between Halifax and Skipton Building Society. Conveyancing solicitors as opposed to members of the public take out such insurances.
Are there restrictive covenants that are commonly picked up during conveyancing in New Cross?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in New Cross. 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…’
My wife and I expecting to exchange on the purchase a property in New Cross but as a consequence of damage from the recent storms I have negotiated recompense from the seller of four thousand pounds taking the form of a adjustment in the price. This was going to be dealt with as part of the conveyancing process however my bank will not agree to this. Why were they informed?
Your lawyer listed on a mortgage company conveyancing panel is required to advise the bank of any amendments to the purchase price. In the event that you did not allow your property lawyer to notify the price change to your mortgage company then they would have no choice but to refrain from acting for you and the mortgage company.