Our Grove Park conveyancer has spotted a difference between the information in the valuation report and what is in the conveyancing documents. My solicitor says that he is duty bound to check that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s stance legitimate?
Your 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 you.
We intend to purchase a newbuild flat in Grove Park with a loan from Chelsea Building Society.We like our Grove Park conveyancing practitioner but Chelsea Building Society informed us her practice is not listed on their approved list of member firms. we are left little option but to use a Chelsea Building Society panel lawyer or retain our high street solicitor and pay for one of their panel ones to act for them. This seems very unfair; Can we not simply insist that Chelsea Building Society use our lawyer?
Unfortunately,no. The loan issued to you is subject to its various provisions, one of which will be that conveyancers will be on the Chelsea Building Society approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Chelsea Building Society
It has been 2 months since my purchase conveyancing in Grove Park took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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.
I am looking for a leasehold apartment up to £195,000 and identified one close by in Grove Park I like with a park and railway links nearby, however it's only got 51 years on the lease. I can't really find anything else in Grove Park in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan that many years will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I am a sole trader looking to take an assignment of a lease of a shop on a shopping parade. Can you recommend solicitors offering fixed costs for commercial conveyancing in Grove Park for under £1,200?
We can recommend firms who have specialist knowledge of commercial conveyancing in Grove Park, including the sale and acquisition of businesses as well as simply property. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right solicitor. Regarding the charges this will depend on the structure and nuances of the deal. Please provide us with your contact information or email us so that we may furnish you with a detailed commercial conveyancing quote.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Grove Park. I happened to land on a site which seems to have the ideal offering If there is a chance to get all formalities done via web that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?