I plan on buying an apartment in Clayhall. My lawyer is not on the mortgage company solicitor panel. Can I still appoint my Clayhall conveyancing solicitor even though they are excluded from the mortgage company panel of approved conveyancing solicitors?
One will need to instruct a conveyancing practitioner to deal with the legal work required if you need a mortgage to purchase your home. The solicitor will carry out all the necessary due diligence on the property, ensuring that you will be registered as proprietor and ensure that all the necessary mortgage documentation is dealt with. One can select a Clayhall solicitor of your choice. Nevertheless, if the property lawyer appointed is not on the mortgage company approved list further costs will be levied as separate legal representation will be required by them. Lender panel applications can be submitted, so if your lawyer has not previously applied for membership they should do so.
My Clayhall conveyancer has spotted a discrepancy when comparing the assumptions in the home valuation report and what is revealed within the title deeds. My solicitor says that he needs to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s stance correct?
Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
A colleague suggested that where I am purchasing in Clayhall I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Clayhall conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Clayhall around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Clayhall Education with plans and statistics, Local Amenities and other useful information about Clayhall.
How does conveyancing in Clayhall differ for new build properties?
Most buyers of new build or newly converted property in Clayhall come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is completed. This is because builders in Clayhall usually purchase the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Clayhall or who has acted in the same development.
I have been sourcing a conveyancing lawyer in Clayhall for my remortgage. Can I see a firm’s record with the legal regulator?
You may read presented Solicitor Regulator Association (SRA) determinations resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find information Pre 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator may recorded telephone calls for training purposes.
I am in need of some leasehold conveyancing in Clayhall. Before I get started I require certainty as to the remaining lease term.
If the lease is recorded at the land registry - and most are in Clayhall - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a garden flat in Clayhall. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the sum payable for a lease extension?
Most certainly. We can put you in touch with a Clayhall conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Clayhall residence is 59 & 59a Clarendon Gardens in February 2014. The Tribunals valuation for the freehold was £30,073.00 The number of years remaining on the existing lease(s) was 65 and 61.