Please could you recommend a The Royal Bank of Scotland approved Old Coulsdon conveyancing firm that can complete within less than a month? Am I best advised to unstruct a high street Old Coulsdon conveyancer or an online conveyancer?
We can recommend some very good Old Coulsdon conveyancing firms. You can also walk up the main road in Old Coulsdon. Go in to some well established firms and ask to see a conveyancing solicitor for a quote. Mention your expectations together with your reasons and ask for a commitment on your deadline. Select the one that appears most efficient.
Why do I have to pay up front for conveyancing in Old Coulsdon?
Where you are retaining lawyers for conveyancing in Old Coulsdon your solicitor will request that you place them with funds to cover the the cost of the conveyancing searches. Normally this is called for to cover the fees of the Local Authority Search. When the deposit is payable against the sale price then this will be asked for shortly prior to contracts are exchanged. The final balance that is due should be transferred a few days prior to the day of completion.
I had a mortgage agreed in principle with RBS. Old Coulsdon conveyancing solicitors were instructed. How long does it take for RBS to send the offer to the solicitor?
Some lenders take longer than others. Have RBS done the survey? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
It is unclear whether my mortgage offer requires a lease extension. I have called my Old Coulsdon building society branch on a couple of occasions and was informed it wasn't a problem and they will lend. My Old Coulsdon conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they will not lend based on their published requirements. Who do I believe?
Your lawyer must comply with the CML Handbook Part 2 requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
RBS have agreed my home loan in principle, my offer on a flat in Old Coulsdon has been accepted, what are the next steps?
Your property agent will wish to know who your solicitors are (ensure that the conveyancing practitioners are on the lender’s panel). Call up RBS or the broker and complete any outstanding forms. RBS will sellect a valuer who will get in contact with the estate agent or owners to schedule an appointment. Once conducted (assuming no problems) it takes on average ten days to receive the mortgage offer. RBS will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Old Coulsdon.
How does conveyancing in Old Coulsdon differ for new build properties?
Most buyers of new build premises in Old Coulsdon approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because developers in Old Coulsdon usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Old Coulsdon or who has acted in the same development.
We are 14 days into a freehold purchase having been directed to solicitors by the high street agent to handle our conveyancing in Old Coulsdon. I am am starting to be frustrated with the level of service. Could you you assist me in finding new solicitors?
They would need to be very poor in order to consider changing them. Has the mortgage offer been issued? In the event that it has you will need to make them aware of the new contact details and get the offer are re-issued. Your conveyancer should be on the banks panel to avoid added costs and frustration. That should be your first question of the new lawyers. Our find a solicitor tool will help you find a bank approved solicitor for your conveyancing in Old Coulsdon