I can't travel far from Meopham. Can you please clarify why all Meopham conveyancing practitioners are not on all bank panels?
Before the recession most banks demonstrated an approach to risk which differs from the current day. The financial regulator in 2010 carried out a thematic review into property fraud which in summary warned lenders: know the conveyancing practitioners on your panel. As a result, banks have since looked to extract more data from law firms regarding their processes and the individuals who work for them and set certain criteria such as completing a minimum volume of transactions. Hundreds of firms have been excluded from lender panels even though they had an exemplary disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms found it impossible satisfy the criteria of volume of transactions the lenders required.
My Meopham conveyancer has uncovered an inconsistency when comparing the information in the valuation survey and what is revealed within the conveyancing documents. My solicitor informs me that he is obliged to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s course or action right?
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.
As someone clueless as to the Meopham conveyancing process what’s your top tip you can impart concerning the house moving process in Meopham
Not many law firms or advisers will tell you this but conveyancing in Meopham or throughout Kent is an adversarial experience. In other words, when it comes to conveyancing there exists plenty of room for friction between you and others involved in the ownership transfer. For example, the vendor, property agent and sometimes the mortgage company. Choosing a solicitor for your conveyancing in Meopham is a critical decision as your conveyancer is your adviser, and is the SOLE person in the process whose role it is to act in your best interests and to protect you.
Sometimes a third party with a vested interest may attempt to persuade you that it is in your interests to do things their way. As an example, the property agent may claim to be assisting by claiming that your conveyancer is slow. Or your mortgage broker may advise you to do something that is contrary to your conveyancers advice. You should always trust your lawyer above all other parties in the conveyancing process.
I used Wolstenholmes several years ago for my conveyancing in Meopham. Now, I need my files however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Meopham of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one near me in Meopham I like with a park and railway links in the vicinity, however it only has 51 years on the lease. There is not much else in Meopham for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage the shortness of the lease may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
What advice do you have for searching for freehold conveyancing in Meopham?
First ask your friends and family they would would seek assistance from. Second, search the internet for conveyancing in Meopham. Telephone two or three from the list and ask them to email you their conveyancing charges and speak to the lawyer who will conduct your conveyancing before you commit. Option 3 is to make use of our search tool to help you find the right lawyers taking into account your unique requirements including location,speed, complexity and who your intended mortgage company is.Resist the temptation to appoint lowest cost conveyancing solicitors in Meopham