What is the first thing I need to know concerning purchase conveyancing in Stockwell?
Not many law firms shout this from the rooftops but conveyancing in Stockwell or throughout England and Wales is often a confrontational process. Put another way, when it comes to conveyancing there exists lots of room for confrontation between you and other parties involved in the legal transfer of property. E.g., the seller, property agent and sometimes the bank. Choosing a lawyer for your conveyancing in Stockwell is a critical decision as your conveyancer is your adviser, and is the ONLY person in the process whose interest is to protect your best interests and to protect you.
There is a worrying increase of a "blame" culture- someone has to be blamed for the process taking so long. You your first instinct should be to trust your conveyancer ahead of all other players in the home moving process.
Various internet forums that I have come across warn that are a common cause of delay in Stockwell conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of slowing down conveyancing in Stockwell.
Are there restrictive covenants that are commonly picked up during conveyancing in Stockwell?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Stockwell. 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…’
I decided to have a survey done on a house in Stockwell before retaining lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies tend not issue a loan on this type of premises.
It varies from the lender to lender. Lloyds has different instructions from Halifax. If you e-mail us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Stockwell. Conveyancing will be smoother if you use a solicitor in Stockwell especially if they are familiar with such properties in Stockwell.
Why do I have to send my lawyer with numerous items of ID before I can commence with my conveyancing in Stockwell?
Stockwell lawyers are required by the Law Society, Solicitors Regulation Authority, HM Land Registry and current AML legislation to certify that the have checked the identity of their clients. It will also be a requirement of your bank 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, national insurance number and DOB.