is it true that all Fairlop solicitor firms on the RBS conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the RBS approved list of solicitors they would need to be governed by the SRA. The majority of lenders do allow licenced conveyancers on their panel and in such a situation the firms would be overseen by the Council of Licensed Conveyancers.
The formalities of my purchase has taken place for my property in Fairlop. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
About to purchase maisonette in Fairlop. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Fairlop property lawyer is on the Coventry BS conveyancing panel.
It has been 3 months following my purchase conveyancing in Fairlop took place. 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 asset 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.
How does conveyancing in Fairlop differ for newly converted properties?
Most buyers of new build or newly converted property in Fairlop contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because developers in Fairlop typically buy 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 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 Fairlop or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a simple, no chain conveyancing. Fairlop is the location of the property. Can you shed any light on this issue?
Flying freeholds in Fairlop are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fairlop you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fairlop may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Hoping to buy a property located in Fairlop and I am already nervous. I couldn't find anything specific about Fairlop. Conveyancing will be needed in due course but do you know about the Fairlop area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Fairlop. In the meantime here are some basic statistics that we found
As co-executor for the will of my grandmother I am disposing of a house in Newport but reside in Fairlop. My lawyer (approximately 250 miles from meneeds me to execute a stat dec prior to the transaction finalising. Could you suggest a conveyancing lawyer in Fairlop who can witness and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are located in Fairlop