Is it realistic for conveyancing in Much Hadham to be done in a month?
In a situation where you are under a tight deadline to sign contracts it is advisable to make sure that your solicitor is familiar with the location as they will have local contacts and intelligence. It is possible that they could have transacted previoushouses in the same neighbourhood. You would be best advised to use a Much Hadham conveyancing solicitor. In addition, ensure that the conveyancing firm is on the lender panel. It is claimed that nearly one in five of Much Hadham conveyancing deals are frustrated or derailed after discovering a buyer’s lawyer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the legal process being delayed by an average of 21 days. It is said that this issue affects in the region of one hundred thousand home sales annually. Almost all Much Hadham conveyancing practices can not represent certain lenders so do check at the outset.
It is a dozen years since I purchased my home in Much Hadham. Conveyancing lawyers have recently been retained on the sale but I am unable to locate my deeds. Will this jeopardise the sale?
You need not be too concerned. First the deeds may be with your lender or they may be in the possession of the lawyers who oversaw your purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors obtaining up to date copy of the land registers. Nearly all conveyancing in Much Hadham involves registered property but in the unlikely event that your property is not registered it adds to the complexity but is resolvable.
The Much Hadham conveyancing solicitors that I recently instructed on my purchase in Much Hadham have suddenly closed. I only went with them because I needed a solicitor on the Leeds Building Society conveyancing panel and my preferred Much Hadham lawyer was not. I paid them money in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Leeds Building Society conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
We have agreed to purchase a house in Much Hadham. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Coventry BS be concerned?
As your lender is Coventry BS your lawyer must follow the conveyancing instructions set out in Section two of UK Finance Lenders’ Handbook for Coventry BS. The CML Handbook contains minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Coventry BS where a lease fails to meet these specifications. The requirements relate to the installation of panels on properties countrywide and is not isolated to Much Hadham.
I am expecting a AIP from Aldermore this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Aldermore recommend any Much Hadham solicitors on the Aldermore conveyancing panel, or is it better to go independently?
You will need to appoint Much Hadham solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
I was told four weeks ago that my mortgage has been agreed to by Aldermore. Is it usual for Aldermore to only issue the offer once my solicitor in Much Hadham is approved on their conveyancing panel? Aldermore have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.
A colleague advised me that if I am purchasing in Much Hadham I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes quoted for as part of the standard Much Hadham conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Much Hadham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Much Hadham Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Much Hadham.
It has been 2 months since my purchase conveyancing in Much Hadham concluded. I have checked the Land Registry website which shows that I paid £150,000 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 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.