Our Moorends conveyancer has spotted an inconsistency between the information in the valuation report and what is in the legal papers for the property. My solicitor says that he is obliged to ensure that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s course or action right?
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 you.
Can you explain why leasehold purchase conveyancing in Moorends costs more?
In short, leasehold conveyancing in Moorends and elsewhere usually warrants additional due diligence compared to freehold conveyancing. This includes reviewing the lease, communicating with the landlord concerning serving appropriate notices, securing current service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
Have purchased a a detached house in Moorends , how long will it take for the Land Registry to register the transfer to my name? My Moorends conveyancing solicitor has been very slow, so I want to check that my ownership is recorded.
There is nothing unique when it comes to conveyancing in Moorends registration formalities. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether there are errors and if the Land registry need to notify any other persons or bodies. As of today roughly three quarters of submission are fully addressed in less than three weeks but some can be subject to extensive delays. Historically registration occurs after the purchaser is living at the premises thus an expedited registration is not always top priority but if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
How does conveyancing in Moorends differ for newly converted properties?
Most buyers of new build property in Moorends come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is built. This is because new home sellers in Moorends typically purchase the real estate, 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 accustomed to new build conveyancing in Moorends or who has acted in the same development.
I was advised by a couple of local estate agents in Moorends to locate a solicitor using your seach tool. What’s the financial inducement for Estate Agents to promote your site over a competitor’s?
We don’t offer any commission for pointing buyers and sellers our way. We found it would be just too difficult a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I am looking for a conveyancing lawyer in Moorends for my house move. Is it possible to review a firm’s record with the profession’s regulator?
One may see published Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Visit Check a solicitor's record. To find information Pre 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training reasons.