We selected a Seven Sisters based lawyer for my conveyancing in Seven Sisters today. After carefully reading the Terms I seeI am responsible for fees even if our purchase doesn't happen. Would I be best advised to use an internet conveyancing company promoting no completion no cost conveyancing in Seven Sisters?
It is usually ‘give and take’ in that if "No Completion No Fee" is advertised then the fee levels will tend to be be higher to counteract those conveyances that do not go ahead. Dont forget that such arrangements generally do not protect you from disbursements such as Seven Sisters conveyancing search charges.
Can you help? My Seven Sisters lawyer is informing me me that he is legally obliged toorder Seven Sisters conveyancing searches asthe firm are on the Nat Westconveyancing panel. These Seven Sisters checks cost a lot of money can this be avoided?
Unfortunately both you and your lawyer have little choice here. As you are obtaining a home loan with a mortgage company your property lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the CML Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Seven Sisters conveyancing searches.
Do banks and building societies provide you with an approved list of Seven Sisters conveyancing solicitors? How do you know who is on the Barclays conveyancing panel?
Seven Sisters conveyancing firms themselves provide us confirmation that they are on the Barclays conveyancing panel as opposed to being supplied with a list from Barclays directly.
Are there restrictive covenants that are commonly picked up during conveyancing in Seven Sisters?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Seven Sisters. 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…’
Do I stop my mortgage payments with Bank of Ireland as soon as a completion date for my sale in Seven Sisters has been agreed?
No, you should keep paying any mortgage payments to Bank of Ireland pending the mortgage being redeemed out of the proceeds of sale as part of your Seven Sisters conveyancing.