Me and my partner are soon to exchange on the purchase of a property in Chingford but as a result of wreckage from the recent storms I have was able negotiate recompense from the owner in the sum of £3k in the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process but Santander will not permit this. Should they have been informed?
The lawyer that is on a Santander conveyancing panel is obliged to advise Santander of any changes to the purchase price. If you prohibit your solicitor to report the price change to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new conveyancer for your conveyancing in Chingford.
What is the optimum way to discover of the solicitor conducting my conveyancing in Chingford is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Godiva Mortgages Ltd thus paying £187.00 plus VAT in another set of legal invoice.
Feel free to make use of the search tool on this page. Pick the mortgage company and type ‘Chingford’ or your preferred area and you will be presented with numerous conveyancers based in Chingford or by proximity to you.
Due to the guidance of my in-laws I had a survey completed on a property in Chingford before instructing lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies will not grant a mortgage on this type of property.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chingford. Conveyancing will be smoother if you use a solicitor in Chingford especially if they are acquainted with such properties in Chingford.
Should I be suspicious by third parties that I am dealing with are recommending an internet conveyancing firm as opposed to a High Street Chingford conveyancing company?
As with lots of service providers, often suggestions from relatives can be extremely useful or valuable. Nevertheless there are many players in a conveyancing matter; estate agents, financial adviser and mortgage companies may suggest conveyancers to instruct. On occasion these conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there behind the scenes commercial relationship behind the endorsement. You are free to select your preferred conveyancer. However, bear in mind that many lenders have an approved list of conveyancers you are obliged to use for the mortgage related work in your conveyancing.
I need to switch lawyers as my Chingford lawyer is not on the lender's approved list of conveyancing solicitors. Is it advisable to appoint a new law firm?
In the event that you have not formally instructed a solicitor to commence the conveyancing and have just received an estimate as to costs, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Chingford that you're thinking of instructing.