Will conveyancers request money up-front for conveyancing in Geddington?
If you are buying a property in Geddington your lawyer will ask you to provide them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the total price then this will be needed shortly prior to exchange of contracts. The final balance that is needed should be sent to your lawyer a few days ahead of the completion date.
We are purchasing a 3 bedroom flat in Geddington with a mortgage from Chelsea Building Society.We use our Geddington conveyancing solicitor but Chelsea Building Society says his firm is not listed on their approved list of firms. we are left little option but to use a Chelsea Building Society panel solicitor or retain our high street solicitor and pay for a Chelsea Building Society panel lawyer to represent them. This seems very unfair; Can we not simply insist that Chelsea Building Society use our lawyer?
No, not really. The home loan offered to you contains terms and conditions, one of which will be that conveyancers will be on the Chelsea Building Society solicitor panel. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Chelsea Building Society
Various internet forums that I have frequented warn that are the primary cause of delay in Geddington conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in Geddington.
Are there restrictive covenants that are commonly identified during conveyancing in Geddington?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Geddington. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My cousin has recommend that I appoint his conveyancers in Geddington. Do I follow his advice?
No doubt the best way to choose a conveyancing solicitor is to have referrals from friends or relatives who have actually experience in using the firm that you are considering.