Do the conveyancing practitioners listed on your site carry out auction conveyancing in Walham Green?
We know of a few auction solicitors we can connect you with those conducting auction conveyancing. Walham Green is one of our locations in which our lawyers cover.
We wanted to use a conveyancing solicitor in Walham Green for our home move. Our financial adviser informed us that our mortgage company Britannia won't deal with them. Why is this not regarded as unduly restrictive?
Lenders tend to imposes restrictions either the type or the volume of conveyancing firms on their approved list of lawyers. Typical examples of such criteria being that a law practice must not be a sole practitioner. In addition to restricting the profile of firm, a few banks have reduced the number of firms they allow to act for them. You should note that Britannia have no responsibility for the quality of advice provided by any member of Britannia Conveyancer Panel. Mortgage fraud was a key driver in the reduction of conveyancing panels a few years ago even though there are differing views regarding the extent of solicitor involvement in some of that fraud. Figures from the Land Registry reveal that hundreds of law firms, including some in or near Walham Green only conduct one or two conveyances a year.
I have been told that property searches are the main reason for stalling in Walham Green conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of delay in conveyancing in Walham Green.
I'm purchasing my first flat in Walham Green with a loan from Bank of Ireland. The sellers would not move on the price so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not inform my solicitor about the side-deal as it would affect my loan with the lender. Do I keep my lawyer in the dark?.
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.
What is the reason for my conveyancing practitioner requiring a list of items of identification before they can commence with selling or buying a property in Walham Green?
Walham Green conveyancers are required by the Law Society, Solicitors Regulation Authority, HMLR and current Money Laundering legislation to record that the have verified the identity of their clients. It is also sometimes a condition of your lender where you are obtaining a mortgage. Furthermore they have to complete various forms, particularly those relating to SDLT and need to have information such as your full names, NI number and DOB.