I am getting a mortgage with Nat West. I hope to employ the services of a Licensed Conveyancer in North East London. Does the Nat West Solicitor panel allow for Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
I require fast conveyancing in North East London as I am under an ultimatum to sign on the dotted line within one month. Luckily I do not need a mortgage. Can I decline from having conveyancing searches to save fees and time?
If.Given you are not getting a mortgage you are at free not to have searches conducted although no solicitor would suggest that you don't. Drawing on our experience of conveyancing in North East London the following are instances of what can crop up and adversely affect future mortgageability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Road Schemes,...
The deeds to our home can not be found. The solicitors who did the conveyancing in North East London 4 years ago no longer exist. What do I do?
Assuming you have a registered title the information relating to your ownership will be retained by the Land Registry under a Title Number. It is possible to carry out a search at the Land Registry, find your property and order up to date copies of the property title for a small fee. If the title is Leasehold then the Land Registry will in most cases hold a certified copy of the Registered Lease and again, a copy can be ordered for a small fee.
Am I right to be concerned that brokers that I am dealing with are encouraging me to use a factory type conveyancing firm as opposed to a local North East London conveyancing firm?
As with lots of service providers, often recommendations from relatives can be most helpful. But there are lots of players in a conveyancing deal; estate agents, financial adviser and mortgage companies might all recommend solicitors to retain. Sometimes the conveyancers might be known to one of the organisations as one of the best in their field, but occasionally there might be a commercial relationship behind the recommendation. You are free to select your own lawyer. You need to be aware that most lenders have an approved list of solicitors you are obliged to use for the lender aspect of your house move.
At what stage do I pay the Stamp Duty Land Tax chargeable for my conveyancing in North East London?
Your solicitor will fill out a Land Transaction Return Form for you during your North East London purchase transaction for signature. On completion your property lawyer will submit your Land Transaction Return Form to the Tax Authorities and - as long as they have the money - pay any Stamp Duty payable on your behalf.