I have just been advised by my lender that my Litherland the law firm I have appointed is not on the bank Solicitor panel. How can I be sure whether this is correct?
You need to call your Litherland lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
In what way does my ID and proof of funds have anything to do with my conveyancing in Litherland? Is this really necessary?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identity of the potential client they are dealing with before they can accept their conveyancing instruction. The Terms and Conditions that you are required to sign will no doubt reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you refuse to supply identification documents, your conveyancer would not be able to act for you.
It has been 3 months since my purchase conveyancing in Litherland 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 premises 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 Litherland differ for newly converted properties?
Most buyers of new build or newly converted property in Litherland come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is finished. This is because new home sellers in Litherland tend to purchase the site, 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 conveyancers 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 used to new build conveyancing in Litherland or who has acted in the same development.
I’m about to sell my 2 bed flat in Litherland. Conveyancing is yet to be initiated, however I have recently had a yearly maintenance charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the maintenance contribution as normal as all ground rent and service payments should be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Litherland Leasehold Conveyancing - A selection of Queries Prior to Purchasing
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Are any of leasehold owners in dispute over their service charge liability? Are there any major works on the horizon that will increase the maintenance fees?
At long last our conveyancing in Litherland is set to complete next Friday, but the people I am buying from has asked to move out the next day at at 2pm. Should I agree to such a plan?
It is not possible to complete on a Saturday because the bank systems are not operational.