We are buying a apartment in Woolwich. I might seem paranoid but how we can trust a lawyer? At some point we have to send our life savings into their account. What protection do we have from them run away with our monies?
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'm the single recipient of my late mum's will with all property in now in my sole name, including the house in Woolwich. The Woolwich property was put into my name in November. I plan to dispose of the property. I do know about the Mortgage Lenders 6 month 'rule', meaning my property ownership will be considered the same way as though I had purchased the house in November. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. many banks would take a practical view as this clause principally exists to capture subsales or the wholesaling and assigning of properties.
About to purchase flat in Woolwich. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Barclays conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Woolwich property lawyer is on the Barclays conveyancing panel.
What can a local search reveal concerning the house my wife and I purchasing in Woolwich?
Woolwich conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search plays a central part in many a Woolwich conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search will reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
It has been five months following my purchase conveyancing in Woolwich concluded. I have checked the Land Registry website which shows that I paid £150,000 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 property 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 flat in Woolwich. Conveyancing is a frightening process 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.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Woolwich
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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? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I opted to have a survey completed on a property in Woolwich ahead of instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies tend not give a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. If you call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Woolwich. Conveyancing will be smoother if you use a solicitor in Woolwich especially if they regularly deal with such properties in Woolwich.
I am four weeks into a leasehold purchase having been referred to conveyancers by the selling agent to execute conveyancing in Woolwich. I am am extremely frustrated with the level of service. Could you you assist me in finding new conveyancers?
They would have to be very poor to suggest diss instructing them. Has your mortgage offer been sent? In the event that it has you must advise them of the replacement solicitor and ensure the offer are re-sent. Your new solicitor ideally needs to be on the mortgage company panel to avoid escalating costs and complications. That should be your first question of the new lawyers. The search tool will help you find a lender approved solicitor for your home move in Woolwich