I am getting a offer of a home loan from Lloyds. I hope to use a Licensed Conveyancer in East Bedfont. Does the Lloyds Conveyancing panel include Licensed Conveyancers?

The Lloyds approved solicitor list is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.

My brother and I have lately acquired a property in East Bedfont. We have noticed several issues with the property which we believe were overlooked in the conveyancing searches. Do we have any recourse? Can you clarify the type of searches that needed to have been conducted as part of conveyancing in East Bedfont?

The query is vague as what problems have arisen and if they are specific to conveyancing in East Bedfont. Conveyancing searches and due diligence initiated during the buying process are designed to help avoid problems. As part of the legal transfer of property, a seller answers a questionnaire referred to as a Seller’s Property Information Form. answers is incorrect, you may have a misrepresentation claim against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in East Bedfont.

I own a freehold residence in East Bedfont but still pay rent, why is this and what is this?

It’s unusual for properties in East Bedfont and has limited impact for conveyancing in East Bedfont but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.

We're in East Bedfont, First timers purchasing with a mortgage (lender is TSB , and our lawyer is on the TSB conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

My sealed bid on property in East Bedfont has been accepted, the seller does however have a tied purchase. The vendors have submitted an offer on on an apartment, but it’s not been accepted yet, and has viewings of other apartments booked. I have instructed a local conveyancing lawyer in East Bedfont. What do I do now? When should I get the mortgage application with Nottingham going with Nottingham?

It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of £1k, then valuation, East Bedfont conveyancing search fees, etc). The first thing to do is ensure that your property lawyer is on the Nottingham approved list. Concerning the subsequent phase this very much depends on the uniqueness of your case, desire for the property and on the state of the market. During a buoyant market the majority of purchasers will apply for the mortgage with Nottingham and arrange for the survey and only if it was satisfactory would they pay their property lawyer to press on with the conveyancing in East Bedfont.