In the event thatI were to purchase a simple residential housein Woodford Green for cash and dispense with a survey and no local authority searches how much should I expect to to save on my conveyancing in Woodford Green?
The sole saving you would achieve is the disbursement for searches. The solicitor is required to do the vast majority of work - money laundering, communicating with the sellers solicitor, stamp duty return, register the ownership etc. You might save a bit for them not needing to register a mortgage however it won't be meaningful.
Finally the sale completed on my house in Woodford Green last April yet the purchaser is whats apping daily to moan that their solicitor is waiting to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
After completion of your house sale your conveyancer should send the transfer documentation and all of the paperwork to the purchaser's conveyancer. If applicable, your solicitor must also confirm that the home loan has been paid off to the purchasers conveyancers. There are no post completion steps unique to conveyancing in Woodford Green.
I had intended to instruct a property lawyer in Woodford Green for our house move. Our financial adviser informed us that our bank Alliance & Leicester won't deal with them. Why is this not regarded as unfair competition?
A decade ago most lenders had an appetite for risk which was higher than today. Almost all Woodford Green conveyancing firms would have been on most bank panels. The FSA in 2010 completed a thematic investigation into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more data from law firms regarding their operations and their employees as well as set certain criteria such a completing on a minimum number of transactions. Many Woodford Green conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Woodford Green is amongst the numerous locations where the conveyancers showing on our search results are are authorised to act for Alliance & Leicester .
Forgive me if this question is silly but I am new to the home moving as a first time buyer of a two bedroom flat in Woodford Green. Do I collect the keys to the property on the completion date from my solicitor? If so, I will find a local conveyancing solicitor in Woodford Green?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the purchase money to the owner’s solicitors, and once they have received this, you should be invited to receive the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
I'm spending time viewing flats in Woodford Green and I am about to put in an offer. Is it sensible to have a lawyer on ‘stand by’? I will be getting a home loan with Nottingham.
It would be sensible to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are taking out a mortgage with Nottingham, make sure you remember to check that your lawyer is on the Nottingham conveyancing panel.
I am currently in the process of buying my council flat in Woodford Green. I have a mortgage agreed with Yorkshire BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Woodford Green is where the house is located. Is there any advice you can impart?
Flying freeholds in Woodford Green are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Woodford Green you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodford Green 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.