Is the fact that my conveyancer in Homerton is not identified on my mortgage company's conveyancing panel that there is a problem with the quality of her conveyancing?
It would be unwise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Homerton conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
My Homerton conveyancer has spotted a difference between the assumptions in the home valuation report and what is in the legal papers for the property. My lawyer has advised that he is duty bound to check that the bank is happy with this discrepancy and is content to go ahead. Is my solicitor’s course or action correct?
Your conveyancer 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.
It is 10 years ago since I acquired my house in Homerton. Conveyancing lawyers have recently been instructed on the sale but I am unable to track down the deeds. Is this a major issue?
Don’t worry too much. First the deeds may be kept by the lender or they may be in the possession of the lawyers who acted in your purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining up to date copy of the land registers. The vast majority of conveyancing in Homerton relates to registered property but in the unlikely event that your home is unregistered it is more of a problem but is resolvable.
Over the last few months I have been searching for a flat up to £195,000 and identified one near me in Homerton I like with open areas and station in the vicinity, the downside is that it's only got 61 years on the lease. There is not much else in Homerton in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the shortness of the lease will be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
What does commercial conveyancing in Homerton cover?
Homerton conveyancing for business premises covers a wide range of services, provided by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
As co-executor for the will of my aunt I am selling a residence in Neath but reside in Homerton. My lawyer (who is 235 miles awayrequires that I sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing solicitor in Homerton to witness this legal document for me?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are based in Homerton