My wife and I are purchasing a house in Upper Clapton. It might be a silly question but how we can trust a lawyer? On completion day we will need to deposit our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have today made my last payment due on my mortgage with Yorkshire BS. I assume I don't need a Upper Clapton solicitor on the Yorkshire BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
Yorkshire BS have agreed my home loan in principle, my offer on a flat in Upper Clapton has been agreed to, what happens next?
Your estate agent will want to know who your solicitors are (ensure that the property lawyers are on the bank’s panel). Telephone Yorkshire BS or your financial adviser and finish off any relevant paperwork. Yorkshire BS will sellect a valuer who will get in touch with the selling agent or seller to schedule a slot for the valuation to occur. Once carried out (assuming no problems) it takes on average ten days to get a mortgage offer. Yorkshire BS will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Upper Clapton.
Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a residence in Upper Clapton?
Unless a prior acquisition of the house took place post 12 October 2013 you could expect solicitors handling conveyancing in Upper Clapton to continue to advocate a chancel search and or insurance against a claim.
It has been four months since my purchase conveyancing in Upper Clapton completed. I have checked the Land Registry site 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 premises 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 buying a new build apartment in Upper Clapton. 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 is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Upper Clapton
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants.
Do I need to be suspicious by estate agents that I am dealing with are suggesting an online conveyancing firm rather than a High Street Upper Clapton conveyancing firm?
As with lots of service providers, often recommendations from relatives can be worth their weight in gold. But there are numerous people with a vested interest in a conveyancing deal; estate agents, mortgage brokers and banks may put forward solicitors to choose. On occasion the lawyers might be known to one of the organisations as experts in their field, but occasionally there may be a commercial relationship behind the endorsement. You are free to appoint your own lawyer. You need to be aware that most banks operate an approved list of lawyers you must use for the mortgage aspect of your house move.
My husband and I are 14 days into a leasehold purchase having been recommend to solicitors by the estate agent to carry out the conveyancing in Upper Clapton. I am am very disappointed with the quality of service. Could you help me find new lawyers?
They would have to be really poor in order to consider changing them. Has your mortgage offer been issued? In the event that it has you must advise them of the replacement conveyancer and ensure the offer are re-issued. Your new conveyancer needs to be on the lenders panel to avoid added costs and complications. So that should be your starting point. Our search tool can help you find a lender approved conveyancer for your home move in Upper Clapton