My wife and I are acquiring a brand new flat in Sydenham Hill and my solicitor is advising me that she has to the mortgage company to reveal incentives from the seller. I am on a tight deadline to sign contracts and I don't want to delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Having sold my house in Sydenham Hill last April but our buyer keeps SMS messaging me to moan that her lawyer is waiting to hear from mysolicitor. What should my lawyer have done following completion?
Following your disposal your solicitor is committed to send the transfer deeds and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor should also send confirmation that the mortgage has been paid off to the buyers solicitors. There is unlikely to be post completion steps specific conveyancing in Sydenham Hill.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Sydenham Hill is the location of the property. Can you shed any light on this issue?
Flying freeholds in Sydenham Hill are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Sydenham Hill you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sydenham Hill may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I was pointed in your direction by numerous estate agents in Sydenham Hill to choose a solicitor on your site. What’s the financial upside for Estate Agents to recommend your services over another?
We don’t make any commission for pointing buyers and sellers our way. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
I am thinking of appointing a conveyancing solicitor in Sydenham Hill for my sale. Is there any facility to see a solicitor's record with the profession’s regulator?
One may search for presented Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Visit Check a solicitor's record. For details Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator may monitor telephone calls for training requirements.