Me and my wife are purchasing a leasehold flat in Shepperton. My Conveyancer has never been on on the mortgage company approved panel. Can I still use my Shepperton conveyancing solicitor even though they are excluded from the lender panel of approved conveyancing solicitors?
You have numerous options open to you here
- Proceed with your chosen Shepperton lawyer but your mortgage company will undoubtedly appoint a conveyancing practitioner on their approved panel. The net result is additional fees together with probable frustration.
- Appoint a fresh lawyer to conduct the conveyancing, ensuring that they are on the mortgage company conveyancing panel.
- Convince your property lawyer to do everything possible to get listed on the bank’s conveyancing panel
What is the first thing I need to know about purchase conveyancing in Shepperton?
You may not hear this from too many lawyers but conveyancing in Shepperton and elsewhere in Surrey is often a confrontational experience. In other words, when it comes to conveyancing there exists an abundance of room for friction between you and others involved in the home moving process. For instance, the seller, estate agent and sometimes your lender. Appointing a law firm for your conveyancing in Shepperton an important selection as your conveyancer is your adviser, and is the SOLE person in the transaction whose role it is to act in your legal interests and to protect you.
Every so often a third party with a vested interest will attempt to convince you that it is in your interests to do things their way. As an example, the selling agent may claim to be helping by suggesting your lawyer is slow. Or your financial adviser may tell you to do something that is contrary to your lawyers advice. You should always trust your lawyer above all other parties in the home moving process.
four months have elapsed since my purchase conveyancing in Shepperton took place. 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 am looking for a leasehold apartment up to £305k and found one close by in Shepperton I like with a park and transport links in the vicinity, however it's only got 49 years on the lease. There is not much else in Shepperton in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you could 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 with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
I am selling my house. My past lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Shepperton if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Shepperton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
My husband and I are hoping to buy a three room ground floor flatin Shepperton with a loan from a lender. We have a conveyancer in Shepperton but our mortgage company inform us now that he's not approved on their "panel". We have to appoint from the our lender panel firms or keep our Shepperton solicitor and pay for one of their panel ones to represent our bank. This seems very unfair; is there anything we can do?
No, not really. The bank mortgage offered to you is subject to its terms and conditions, one of which will be that solicitors will on the bank's conveyancing panel. Until recently, most mortgage companies had open panels, including most conveyancing solicitors in Shepperton : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for your lender.