How do I search for the right lawyer who can provide a quality service for our conveyancing in South Woodford?
First ask your friends and family who they experienced using in the past and if they were happy with the service.
Option 2 is to use a comparison service on the web for conveyancing in South Woodford. Ring two or three listed and invite them to send you their conveyancing quote and have a conversation with the lawyer who will conduct the legal process in advance ofcommitting.
Third is to make use of this site to assist you in finding the right lawyers taking into account your unique requirements including the type of property,timings, complexity and who your intended mortgage company is. Do not be teased by ninety nine pound conveyancing in South Woodford
My wife and I are nearing an exchange on a property in South Woodford and my mum and dad have transferred the ten percent deposit to my lawyer. I am now told that as the deposit has been received from someone other than me my solicitor needs to disclose this to my mortgage company. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
Your conveyancer is duty bound to check with the bank to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
It has been 4 months following my purchase conveyancing in South Woodford took place. I have checked the Land Registry website which shows that I paid £200,000 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.
The estate agent has sent us the confirmation of our purchase of a new build flat in South Woodford. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in South Woodford
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared.
I decided to have a survey done on a house in South Woodford before instructing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some mortgage companies will refuse to issue a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in South Woodford. Conveyancing may be slightly more expensive based on your lender's requirements.
I've found a house that appears to be perfect, at a reasonable price which is making it all the more appealing. I have since found out that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in South Woodford. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in South Woodford ?
The majority of houses in South Woodford are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area can help the conveyancing process. it is apparent that you are buying in South Woodford in which case you should be looking for a South Woodford conveyancing solicitor and check that they are used to transacting on leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’spermission to conduct alterations. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the house is located on an estate. Your conveyancer will report to you on the legal implications.