We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel conveyancer as I would prefer to appoint a Norbury based conveyancing firm?
You should check but the chances are that appoint one of their panel lawyers should you accept the "fee-free" offer. Call the bank and explore if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Norbury.
It has been 2 months since my purchase conveyancing in Norbury took place. I have checked the Land Registry website which shows that I paid £150,000 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 residence 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 Norbury differ for new build properties?
Most buyers of new build property in Norbury contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Norbury tend to buy 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 conveyancing solicitors 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 Norbury or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Norbury I like with open areas and transport links nearby, however it only has 51 years unexpired on the lease. I can't really find anything else in Norbury for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan that many years will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
My husband and I are 18 days into a freehold purchase having been referred to a firm by the high street agent to handle our conveyancing in Norbury. I am am very disappointed with the level of service. Can you help me find new conveyancers?
They would have to be really poor in order to consider diss instructing them. Has the loan offer been generated? In the event that it has you need to advise them of the new contact details and get the loan are issued to the new lawyers. Your new conveyancer should be on the banks panel to avoid escalating charges and delays. That should be your starting point. Our find a solicitor tool can assist you in finding a lender approved solicitor for your conveyancing in Norbury
My in 2005. He has been wed, divorced and is now married again. He will be marketing the property this June. I believe he will just be requested to provide a copy of the marriage certificates to the property lawyer but he is worried it will delay the home sale. Is it worth updating the Land Registry details for the property?
The is no need to update the title for the property on the basis that you have the proof needed to demonstrate how the change of name occurred.
Any purchaser’s conveyancer will examine the registered details and ask for evidence to prove the change of name e.g. marriage certificates.