After months of negotiation I have agreed a price on an apartment in South Tottenham. My mortgage broker suggested a conveyancer. I paid an upfront payment of £225. A few days later, the solicitor called me embarrassingly acknowledging that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Intending to buy a house in South Tottenham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the South Tottenham lawyer is on the Kent Reliance conveyancing panel.
My sealed bid on a detached house in South Tottenham has been agreed to, but there is a chain. The vendors have offered on a flat, however it’s not been accepted yet, and are looking at other apartments in the pipeline. I have chosen a local conveyancing solicitor in South Tottenham. What do I do now? When do I get the mortgage application with Yorkshire BS going?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey, South Tottenham conveyancing search fees, etc). First, you must ensure that your property lawyer is on the Yorkshire BS approved list. As to the subsequent steps this very much depends on the circumstances of your transaction, motivation for this property and on the state of the market. In a hot market the majority of purchasers will apply for a home loan with Yorkshire BS and arrange for the valuation and only if it comes back ok would they request their property lawyer to press on with searches.
A friend advised me that if I am purchasing in South Tottenham I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard South Tottenham conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about South Tottenham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the South Tottenham Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding South Tottenham.
How does conveyancing in South Tottenham differ for newly converted properties?
Most buyers of new build property in South Tottenham approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is completed. This is because developers in South Tottenham typically acquire 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 used to new build conveyancing in South Tottenham or who has acted in the same development.
I'm remortgaging my current property to a buy to let mortgage with Barclays Direct and intend to use the remaining equity as a down payment on a second property. The location we are talking about is South Tottenham. Will your conveyancers be able to act for both sets of banks and link together the transactions?
Make use of our search tool on this site to be sure that the conveyancers are on the relevant lender panels. Having checked that they are your lawyer will be able to connect the two conveyancing matters but you should talk with you conveyancer and make apparent your expectations and requirements.
My conveyancing in South Tottenham completes on Friday, however the people I am buying off wants to vacate 24 hours later at afternoon. Should I accept this?
It is not possible to complete on a Saturday due to the bank systems are not operating.