Is the fact that my conveyancer in Swanscombe is not on my lender's solicitor panel that there is a problem with the quality of his work?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Swanscombe conveyancing practice and ask them why they are no longer on the approved list for your bank.
My partner and I are nearing an exchange on a property in Swanscombe and my parents have sent the 10% deposit to my property lawyer. I am now advised that as the deposit has been received from someone other than me my conveyancing practitioner needs to disclose this to my mortgage company. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The conveyancer is duty bound to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I require quick conveyancing in Swanscombe as I am under pressure to sign on the dotted line within 3 weeks. Luckily I do not require a mortgage. Can I decline from having conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you have the choice not to do searches although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Swanscombe the following are examples of issues that can crop up and therefore affect the marketability of the property: Enforcement Actions, Overdue Fees, Outstanding Grants, Road Schemes,...
2 months have elapsed following my purchase conveyancing in Swanscombe concluded. I have checked the Land Registry site which shows that I paid £175,000 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.
Just had an offer accepted on a new build apartment in Swanscombe. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Swanscombe
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Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I was advised by a few estate agents in Swanscombe to choose a property lawyer on your site. What’s the financial advantage for Estate Agents to offer your site rather than a competitor’s?
We refuse to offer any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.