How up to date is your database of Ilford solicitors on the Nottingham conveyancing panel? Do Nottingham send you an updated list?
Ilford conveyancing firms themselves provide us confirmation that they are on the Nottingham conveyancing panel as opposed to being supplied with a list from Nottingham directly.
The Ilford conveyancing firm that I appointed last week on my purchase in Ilford have suddenly closed. I chose them because I had to have a firm on the Yorkshire BS conveyancing panel and my preferred Ilford lawyer was not. I cut them a cheque for two hundred pounds in advance. What should be my next steps?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Yorkshire BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
We are purchasing a property and the conveyancer has raised the issue of Chancel Repair to which the house may be obligated to pay given it’s proximity to the area of such a church. She has recommended insurance. Is this really appropriate for conveyancing in Ilford
Unless a prior purchase of the property completed post 12 October 2013 you can take it that solicitors handling conveyancing in Ilford to continue to recommend a chancel search and or insurance against a claim.
4 months have gone by following my purchase conveyancing in Ilford took place. I have checked the Land Registry site which shows that I paid £200,000 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 buying a new build house in Ilford benefiting from help to buy. The sellers would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not inform my conveyancer about this extras as it will adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How do I search for a Ilford conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 25kilometers to meet the conveyancer.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location, in this case Ilford and you will see a number of lawyer located nearest Ilford. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.