We are about to complete on the purchase of a property in South Hornchurch but as a result of wreckage from the recent storms I have managed to agree compensation from the seller in the sum of £3k by way of a adjustment in the price. I had intended this to be dealt with as part of amending the contract but Virgin Money are not allowing this. Should they have been involved?
Your lawyer that is on the Virgin Money approved list is duty bound to advise Virgin Money of any amendments to the purchase price. If you were to refuse your property lawyer to disclose the price change to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new property lawyer for your conveyancing in South Hornchurch.
What is the difference between a licensed conveyancer and conveyancing solicitor in South Hornchurch
There are two types of lawyers who can conduct conveyancing in South Hornchurch namely CLC regulated conveyancers or solicitors. The two can handle the legal services that you need to complete the sale or acquisition of property. Both are duty bound to conduct South Hornchurch conveyancing to the same quality and guidelines so you can be sure that your conveyancing will be properly carried out and that all necessary procedures will be correctly followed.
My uncle informed me that in purchasing a property in South Hornchurch there may be various restrictions preventing external changes to the property. Is this right?
We are aware of anumerous of properties in South Hornchurch which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in South Hornchurch should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am the only beneficiary of my late father’s estate and I have everything in my name alone, including the house in South Hornchurch. Conveyancing formalities meant that the Land Registry date was in September. I want to move. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership will be treated the same way as though I had purchased the house in September. Will no one buy the property for half a year?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. many banks would take a pragmatic view as this obligation primarily exists to capture subsales or the flipping of properties.
Do commercial conveyancing searches disclose planned roadworks that may impact a commercial site in South Hornchurch?
Many commercial conveyancing solicitors in South Hornchurch will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in South Hornchurch. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in South Hornchurch.
For each commercial conveyancing transaction in South Hornchurch it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can result in delays to South Hornchurch commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in South Hornchurch.
I used Arc property Solicitors several years past for my conveyancing in South Hornchurch. Now, I need my documents however the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 South Hornchurch of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in South Hornchurch differ for new build properties?
Most buyers of new build property in South Hornchurch come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is constructed. This is because new home sellers in South Hornchurch tend to acquire the land, 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 used to new build conveyancing in South Hornchurch or who has acted in the same development.
Are all South Hornchurch legal practices on every lender conveyancing panel?
The Lexsure search tool on this page may be of use or you can pop into your local lender branch in South Hornchurch. the probability is that they can recommend conveyancing solicitors in South Hornchurch