My wife and I are looking to purchase a home in Dagenham and are in fact using a Dagenham conveyancing practice. Within the last couple of days our solicitor has sent a preliminary report and documents to look through with the expectation that exchange is imminent. HSBC Bank have this morning contacted us to inform me that there is now an issue as our Dagenham solicitor is not on their approved list of lawyers. Please explain?
If you are buying a property with the assistance of a mortgage it is usual for the purchasers' lawyers to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Dagenham lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
I am acquiring a house for cash in Dagenham. I have lived for the last 15 years in Dagenham. Conveyancing searches are a lot of money. As I have knowledge of the area and road very well must I have all the conveyancing searches?
Provided that you do not need a mortgage, then the vast majority of the Dagenham conveyancing searches are optional. Your conveyancer will ’encourage you, no-doubt strongly, that you should have searches carried out, but he is duty bound to do this. One thing to bear in mind; if you are going to sell the house at a future date, it will likely be be of relevance to your prospective buyer what the searches disclose. Sometimes premises with apparent issues can still show up adverse search results. A competent conveyancing solicitor in Dagenham will be able to give you some sensible advice here.
I need some quick conveyancing in Dagenham as I have a deadline to exchange contracts in less than 2 weeks. Thankfully I do not need a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
If.Given you are not getting a mortgage you are at liberty not to do searches although no lawyer would advise that you don't. With lots of history conveyancing in Dagenham the following are instances of what can arise and adversely affect future mortgageability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Railway Schemes,...
2 months have elapsed following my purchase conveyancing in Dagenham completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am downsizing from my home. My past lawyers has retired. I am in need of a recommendation of a conveyancing firm. Im based in Dagenham if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Dagenham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Having had my offer accepted I require leasehold conveyancing in Dagenham. Before diving in I would like to find out the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Dagenham - then the leasehold title will always include the short particulars 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.
After months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Dagenham. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most certainly. We can put you in touch with a Dagenham conveyancing firm who can help.
An example of a Lease Extension decision for a Dagenham flat is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case related to 1 flat. The unexpired residue of the current lease was 61.36 years.