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Find a North East London Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in North East London? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your North East London conveyancing at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised North East London conveyancers for over 130 lenders.


Recently asked questions about conveyancing in North East London

Our conveyancer has discovered a a problem with the lease for the flat we are purchasing in North East London. The seller’s lawyers have suggested title insurance as a workaround. We are happy with insurance and will cover the costs. Our solicitor says that he must be satisfied that the lender is content with this solution. Who is the client here, us or the mortgage company ?

The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your solicitor will have no choice but to discontinue acting for you.

Me and my partner are buying a house in North East London. It might be a silly question but how we can trust a lawyer? At some point we have to send money 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.

We previously chose conveyancers locally in North East London on the Aldermore solicitor approved list. They have just billed me a supplemental sum for handling the Aldermore mortgage. Is this an additional conveyancing fee specified by Aldermore?

Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your conveyancing practitioner may levy a fee for this. The fee is not set by Aldermore but by your North East London conveyancing practitioner. Plenty of firms on the Aldermore panel will levy ’dealing with mortgage’ fee but some firms include it on their overall fee.

I currently have a mortgage with RBS for my property in North East London. Conveyancing has been completed months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform RBS?

Your original mortgage agreement with RBS will provide that you need their approval prior to letting out your property as this is likely to be a breach of RBS’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact RBS directly. You need not do this via a RBS conveyancing panel firm.

What will a local search reveal concerning the property my wife and I buying in North East London?

North East London conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations for instance Searches UK The local search is essential in every North East London conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.

Are there restrictive covenants that are commonly identified during conveyancing in North East London?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in North East London. 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 lawyers in North East London have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with the mortgage company. Is it case that being on the lender conveyancing panel they need to have retained the file for a prescribed period?

Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the bank Conveyancing Panel Terms. It might be worth you contacting the mortgage company directly.

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