My husband and I are buying a brand new flat in North Acton and my solicitor is informing me that she is duty bound to the bank to disclose incentives from the seller. I am nearing the developer’s deadline to exchange contracts and my preference is not to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
As a first time buyer what is the most important piece of guidance you can give me about purchase conveyancing in North Acton?
You may not hear this from too many lawyers but conveyancing in North Acton or throughout England and Wales is an adversarial process. In other words, when it comes to conveyancing there is plenty of room for confrontation between you and others involved in the home moving process. For instance, the vendor, property agent and on occasion the mortgage company. Appointing a law firm for your conveyancing in North Acton should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the transaction whose interest is to protect your legal interests and to protect you.
On occasion a potential adversary will attempt to convince you that it is in your interests to do things their way. For instance, the selling agent may claim to be assisting by suggesting your conveyancer is wrong. Or your financial adviser may try to convince you to do take action that is contrary to your solicitors advice. You should always trust your lawyer above all other parties in the home moving process.
My wife and I have recently appointed a conveyancing solicitor in North Acton. I I would like to check whether they are on the Aldermore approved list of lawyers. Could you help?
The first thing you should do is contact your lawyer and enquire whether they are on the lender panel. Alternatively you can get in touch with Aldermore who may be able to confirm.
Have purchased a a semi-detached house in North Acton , What is the estimated time for the Land Registry to record my ownership? My North Acton conveyancing solicitor has been painfully slow, so I want to check that my name is recorded.
As far as conveyancing in North Acton is concerned, registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timeframes can differ according to the party submitting the application, whether there are errors and if the Land registry must send notices to any other persons or bodies. At present in the region of three quarters of such applications are completed within 12 days but some can be subject to longer delays. Historically registration takes place once the buyer is living at the premises so an expedited registration is not usually top priority yet if there is a degree of urgency associated with the registration then you or your solicitor could contact the land registry and explain the circumstances.
I decided to have a survey done on a house in North Acton before appointing solicitors. I have been informed that there is a flying freehold element to the house. The surveyor advised that some mortgage companies may refuse to issue a loan on such a home.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in North Acton. Conveyancing will be smoother if you use a solicitor in North Acton especially if they are familiar with such properties in North Acton.