Our Leyton solicitor has spotted a difference when comparing the information in the valuation survey and what is in the legal papers for the property. My lawyer has advised that he is duty bound to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance legitimate?
Your solicitor must comply with the UK Finance Lenders’ Handbook conditions 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 a dozen years since I acquired my home in Leyton. Conveyancing solicitors have just been retained on the sale but I am unable to track down my deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a possibility that the deeds will be kept by the mortgage company or they could be in the possession of the lawyers who handled your purchase. Secondly in all probability the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring current official copies of the land registers. Most conveyancing in Leyton involves registered property but in the rare situation where your property is unregistered it adds to the complexity but is not insurmountable.
My father pointed out to me me that in buying a property in Leyton there could be a number of restrictions preventing external changes to a property. Is this right?
There are a number of properties in Leyton which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Leyton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Are all Leyton Conveyancing Quality Solicitors on the Bank of Ireland conveyancing panel?
Some major banks and building societies now make use of CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
We had instructed solicitors based in Leyton on the Co-operative solicitor panel. They are now charging me an additional fee for dealing with the Co-operative mortgage. Is this a supplemental conveyancing fee set by Co-operative?
Provided it is contained in their Terms and Conditions or Quote then yes your property lawyer may levy a fee for this. This charge is not dictated by Co-operative but by your Leyton lawyer. Plenty of firms on the Co-operative panel will charge an ‘acting for lender’ fee and others do not.
It has been five months following my purchase conveyancing in Leyton concluded. I have checked the Land Registry site which shows that I paid £200,000 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 property 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 do I locate a Leyton solicitor on the HSBC Bank conveyancing panel? I am a keen cyclist and am happy to travel upto 25kilometers to meet the lawyer.
You can use the tool on this website. Please pick a bank and your location and you will see a number of Leyton conveyancing lawyers located nearest you. We have listed some Leyton conveyancing firms towards the end of this page and you can ring them to see if they are on the HSBC Bank approved list
Been on the hunt for a solicitor for leasehold sale conveyancing in Leyton. We are selling, simple no mortgage to redeem, no rush, no onward purchase. Received an estimate from a lawyer for nine hundred pounds including VAT which is a little expensive given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Leyton?
As it’s a sale only, 475 + VAT should be about the best for sale conveyancing in Leyton.