I am purchasing a right to buy a flat in Upper Clapton. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Upper Clapton you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Upper Clapton.
I have been told that property searches are the primary cause of delay in Upper Clapton conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Upper Clapton.
My wife and I purchased a terraced Edwardian property in Upper Clapton. Conveyancing solicitor represented me and Accord Mortgages Ltd. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the matching property. Is it worth asking Accord Mortgages Ltd to clarify?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Upper Clapton and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing practitioner who carried out the work.
How does conveyancing in Upper Clapton differ for new build properties?
Most buyers of new build property in Upper Clapton come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is built. This is because builders in Upper Clapton tend to 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 conveyancers 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 Upper Clapton or who has acted in the same development.
My father-in-law mentioned that before selecting a conveyancing solicitors they need approved by your mortgage company. It happens to be my first house move but I have an offer in principle via Halifax and I already have a bricks and morter conveyancing lawyer in Upper Clapton on standby. Will HSBC need an approved conveyancer to be selected? Does a directory of approved firms even exist for my conveyancing in Upper Clapton?
You need to choose a solicitor that is on the HSBC panel. Simply ring your chosen Upper Clapton conveyancing solicitor to check if they are on the HSBC panel. If they are not on the panel you have a couple of choices open to you here:
- Proceed with your preferred Upper Clapton conveyancing practitioner but HSBC will need to use a solicitor from their approved list. This will result in additional charges and potential frustration.
- Appoint a new solicitor to act in the purchase, ensuring that they are on the HSBC conveyancing panel.
- Convince your property lawyer to attempt to join the lender panel.