I am expecting a mortgage with Nat West. I intend to enlist the help of a Licensed Conveyancer in Keston. Does the Nat West Solicitor panel include Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We are purchasing a house in Keston. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to send our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Two weeks ago we had a mortgage agreed in principle with Leeds Building Society. Keston conveyancing practitioners were chosen. How long does it take for Leeds Building Society to send the offer to the property lawyer?
Some lenders take longer than others. Have Leeds Building Society completed the valuation? Have you informed Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am currently in the process of buying my council flat in Keston. I have a mortgage agreed with RBS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use 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 RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
How does conveyancing in Keston differ for new build properties?
Most buyers of new build premises in Keston approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Keston tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Keston or who has acted in the same development.
Given that I will soon part with 450k on a property in Keston I wish to talk to a conveyancer about myhome move prior to giving the go ahead to the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer who will be carrying out your conveyancing in Keston.There is no ‘factory style conveyancing’ - each client is unique individual, not a matter reference. The practices that we put you in touch with believe that the figure you are quoted for your conveyancing in Keston should be the amount on the final invoice that you are charged.
My partner and I have an offer in principle from Birmingham Midshires who suggested that they will loan up to £400k. At what point do we need to appoint a solicitor for conveyancing? Keston is where we plan to move to.
You can instruct a conveyancer now and ask them to create a file on your behalf. This will enable: 1) the estate agent to send out the Sales Memorandum to the relevant parties 2) the seller’s conveyancing practitioner to submit the draft agreement. However, do not instruct your conveyancer to start searches until you receive your valuation report from Birmingham Midshires and you are willing to proceed.