When does exchange of contracts take place for domestic conveyancing in Walham Green and am I required to be at the solicitors branch?

If you are local to our conveyancing solicitors in Walham Green you are invited in to sign the paperwork. However, the firms we work with supply countrywide coverage for conveyancing and provide just as detailed and professional a job for you when dealing with you by post or email. The executing of the contract is not the important part. A signed contract simply enables the firm to address the formalities at the suitable time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Walham Green)to be in the office at the appropriate time.

What is the difference between a licensed conveyancer and conveyancing solicitor in Walham Green

There are two types of lawyers who can perform conveyancing in Walham Green namely licenced conveyancers or solicitors. The two can provide the legal services that required to complete the sale or purchase of property. Both are required to execute Walham Green conveyancing to the same standards and guidelines so you may be sure that your conveyancing will be properly conducted and that all requirements and steps will be accurately adhered to.

I'm the sole recipient of my late mum's will with all property in now in my sole name, including the my former home in Walham Green. The Walham Green property was put into my name in March. I now wish to sell up. I do know about the CML six month 'rule', meaning my proprietorship will be treated the same way as though I had purchased the property in March. Do I have to wait 6 months to sell?

The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. Most banks would take a pragmatic view as this requirement is primarily there to capture the purchase and immediately sell or the wholesaling and assigning of properties.

The mortgage over my property is with Kent Reliance for my property in Walham Green. Conveyancing has been completed a year ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Kent Reliance?

Kent Reliance must be informed of your intention before letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel solicitor.

I have recentlyfound out that Stirling Law have closed. They conducted my conveyancing in Walham Green for a purchase of a leasehold apartment 9 months ago. How can I check that my home is registered correctly in the name of the previous owner?

The quickest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Walham Green conveyancing specialists.

I'm buying a new build house in Walham Green with the aid of help to buy. The sellers would not move on the amount so I negotiated 6k of additionals instead. The property agent suggested that I not disclose to my conveyancer about this side-deal as it will affect my mortgage with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Do I need to be wary that brokers that I am dealing with are suggesting a nationwide conveyancing firm as opposed to a High Street Walham Green conveyancing practice?

As with many service providers, often referrals from relatives can be worth their weight in gold. Yet there are lots of people with a keen interest in a conveyancing deal; estate agents, mortgage brokers and banks may put forward lawyers to instruct. On occasion these lawyers might be known to one of the organisations as one of the best in their field, but occasionally there is an underlying financial incentive behind the endorsement. You have the discretion to select your own lawyer. However, bear in mind that most banks specify a panel list of lawyers you must use for the mortgage aspect of your transaction.