The Stockwell conveyancing firm handling our Stockwell conveyancing has spotted a difference when comparing the surveyor’s assumptions in the home valuation report and what is revealed within the conveyancing documents. My lawyer has advised that he needs to check that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s stance appropriate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
As a first time buyer what is the most important number one tip you can impart regarding purchase conveyancing in Stockwell?
Not many law firms or advisers will tell you this but conveyancing in Stockwell and elsewhere in England and Wales is often a confrontational experience. In other words, when it comes to conveyancing there exists plenty of room for friction between you and others involved in the legal transfer of property. For example, the vendor, property agent and on occasion the mortgage company. Appointing a lawyer for your conveyancing in Stockwell should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the transaction whose interest is to look after your best interests and to keep you safe.
Sometimes a potential adversary may try and convince you that you should follow their advice. For example, the estate agent may claim to be helping by claiming that your conveyancer is wrong. Or your mortgage broker may try to convince you to do take action that is against your lawyers advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
4 months have gone by since my purchase conveyancing in Stockwell took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. 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.
Given that I am about to spend over three hundred thousand on a property in Stockwell I would like to have a conversation with the lawyer regarding theconveyancing prior to instructing the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you speaking to the solicitor who will be carrying out your property ownership legalities in Stockwell.There is no ‘factory style conveyancing’ - every client is an important person, not a matter reference. The practices that we put you in touch with believe that the figure you are quoted for residential conveyancing in Stockwell should be the figure that you are charged.
I am looking for a conveyancing lawyer in Stockwell for my home move. Is there any facility to review a firm’s complaints history with the legal regulator?
You may see published Solicitor Regulator Association (SRA) determinations arising from investigations started on or after 1 January 2008. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator could recorded telephone calls for training purposes.
I’m about to sell my ground floor apartment in Stockwell. Conveyancing solicitors are to be appointed soon, however I have just had a yearly service charge demand – should I leave it to the buyer to sort out?
It best that you pay the invoice as normal as all ground rent and service invoices will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I am the leaseholder of a two-bedroom flat in Stockwell. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the amount payable for a lease extension?
Absolutely. We can put you in touch with a Stockwell conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Stockwell residence is 3 Tintern Street in February 2010. The tribunal had jurisdiction to make a decision on the price of the freehold of the subject premises and concluded that the premium should be £24,630.00 This case related to 2 flats. The unexpired term as at the valuation date was 73.69 years.