My friend's dad is a conveyancer. I am hopeful that I can be offered friends and family rates for conveyancing, but if not, what level of costs should I be paying for conveyancing in Old Oak Common?
Do compare pricing. Make use of our comparison tool on this site. You will notice that charges will contrast greatly but the service one can expect are distinct between law firms as is true with most professions.
My wife and I are due to complete buying a property in Old Oak Common but as a result of wreckage from some water damage at the property I have managed to agree reparation from the vendor in the sum of six thousand pounds in the form of a adjustment in the price. This was going to be addressed as part of the conveyancing process however Leeds Building Society are not allowing this. Should they have been notified?
The conveyancer being on a Leeds Building Society conveyancing panel is obliged to inform Leeds Building Society of any changes to the purchase price. If you were to refuse your conveyancer to notify the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new conveyancer for your conveyancing in Old Oak Common.
It is 10 years ago since I purchased my home in Old Oak Common. Conveyancing solicitors have now been instructed on the sale but I am unable to locate my deeds. Is this a major issue?
You need not be too concerned. First there is a possibility that the deeds will be retained by your mortgage company or they could still be with the conveyancers who handled your purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. The vast majority of conveyancing in Old Oak Common relates to registered property but in the rare situation where your property is not registered it is more of a problem but is not insurmountable.
Me and my partner are purchasing a flat in Old Oak Common. It might be a silly question but how we can trust a lawyer? At some point we will need to send money into their account. What is the protection 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 happen to be the single beneficiary of my late mum's will with all property in now in my sole name, including the house in Old Oak Common. The Old Oak Common property was put into my name in March. I plan to dispose of the property. I do know about the Mortgage Lenders six month 'rule', meaning my proprietorship could be treated the same way as if I'd bought the house in March. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. Some lenders would take a sensible view as this provision primarily exists to pick up on the purchase and immediately sell or the quick reselling of properties.
I am due to exchange contracts on my house. I had a double glazing fitted in June 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Co-operative are being problematic. The Old Oak Common solicitor who is on the Co-operative conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Co-operative are requiring a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?
It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Have completed on a a detached house in Old Oak Common , What is the estimated time for the Land Registry to record my ownership? My Old Oak Common conveyancing solicitor works at snail pace, so I want to be certain the registration is addressed.
As far as conveyancing in Old Oak Common registration is no faster or slower than the rest of the country. Rather than based on location, timescales can adjust subject to who lodges the application, whether it is in order and if the Land registry communicate with any 3rd parties. As of today approximately 80% of submission are fully addressed in less than three weeks but some can be subject to protracted delays. Historically registration occurs after the new owner has moved in to the premises so 'speed' is not typically top priority but where there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
I am buying a new build apartment in Old Oak Common. Conveyancing is daunting 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 legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Old Oak Common
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. 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. 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.