We note that you have a post code search directory identifying solicitors on the Lloyds conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in New Romney?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in New Romney.
Can I be sure that the New Romney conveyancing solicitor on the Virgin Money panel is any good?
When it comes to conveyancing in New Romney seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer conducting your conveyancing.
Two weeks ago we had a mortgage agreed in principle with Co-operative. New Romney conveyancing practitioners are instructed. How long does it take for Co-operative to issue the offer to the conveyancer?
There is no definitive answer here. Have Co-operative completed the valuation? Have you informed Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I recently had an offer accepted on a house in New Romney. My mortgage broker suggested a solicitor. I paid an upfront payment of £200. A few days later, the conveyancing practitioner called me to say that they were not on the UBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the UBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Will my lawyer be asking questions about flooding as part of the conveyancing in New Romney.
Flooding is a growing risk for lawyers dealing with homes in New Romney. Some people will buy a house in New Romney, fully expectant that at some time, it may be flooded. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Solicitors are not qualified to impart advice on flood risk, but there are a various checks that can be undertaken by the buyer or by their solicitors which should give them a better appreciation of the risks in New Romney. The standard information supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the seller to discover if the property has suffered from flooding. If flooding has previously occurred which is not revealed by the seller, then a purchaser could issue a legal claim for losses resulting from an misleading reply. The buyer’s solicitors may also order an environmental search. This will reveal whether there is any known flood risk. If so, more detailed investigations will need to be initiated.
It has been 2 months since my purchase conveyancing in New Romney concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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 asset 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 have been on the look out for a ground for flat up to £305k and identified one close by in New Romney I like with amenity areas and transport links in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in New Romney suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the shortness of the lease will likely be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
We have AIP from Chelsea Building Society who indicated we could borrow up to £218k. At what point do I need to appoint a lawyer for conveyancing? New Romney is where we are buying.
You can appoint a solicitor now and ask them to open a file on your behalf. This will enable: 1) the estate agent to send out the Sales Memorandum to all parties 2) the seller’s property lawyer to send out the draft paperwork. That being said, do not instruct your solicitor to start searches until you receive your valuation report from Chelsea Building Society and you are happy to proceed.