I am buying a house without a mortgage in Camden. I have been living for the last dozen years in Camden. Conveyancing searches are exorbitant. As I know the area and road very well must I have all the conveyancing searches?
Provided that you do not need a home loan, then all but one or two of the Camden conveyancing searches are non-obligatory. Your lawyer will try and sway you, no-doubt strongly, that you should have searches carried out, but he has a professional duty to do this. One thing to consider; if you are intend to sell the house at a future date, it could be of relevance to your future purchaser what the searches disclose. There are plenty of instances where premises with functional issues can still show up adverse search results. A competent conveyancing solicitor in Camden should be able to give you some constructive guidance concerning this.
Completed the sale of my flat in Camden last January but our buyer keeps Skype messaging daily complaining that their conveyancer needs to hear from mylawyer. What should have happened following completion?
After completion of your house sale your lawyer is obliged to forward the transfer documentation and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your solicitor should also confirm that the legal charge in favour of the lender has been redeemed to the buyers lawyers. There are no post completion tasks specific conveyancing in Camden.
I am selling my house. I had a double glazing fitted in October 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Lloyds are being pedantic. The Camden solicitor who is on the Lloyds conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Lloyds are insisting on a building regulation certificate. Why do Lloyds have a conveyancing panel if they don't accept advice from them?
It is probably the case that Lloyds have referred the matter to their valuer. The reason why Lloyds 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.
Intending to buy a flat in Camden. 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 Leeds Building Society 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 Camden conveyancer is on the Leeds Building Society conveyancing panel.
Santander have agreed my home loan in principle, my offer on a house in Camden has been agreed to, what happens next?
The property agent will want to know who your solicitors are (ensure that the lawyers are on the bank’s approved list). Contact Santander or the financial adviser and finalise any outstanding paperwork. Santander will appoint a valuer who will get in contact with the estate agent or vendor to schedule an appointment. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Santander will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Camden.
3 months have elapsed since my purchase conveyancing in Camden concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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.
About to purchase a new build apartment in Camden. 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 legal work.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Camden
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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.
My offer on house in Camden has been accepted, the vendor does however have a tied purchase. The current proprietors have offered on a flat, although it’s not yet agreed to, and has viewings of other flats booked. I have selected a local conveyancing lawyer in Camden. What should be my next step? At what point do I apply for the mortgage with Kent Reliance?
It is usual to have apprehensions where there is a chain given your reluctance to incur expenses prematurely (mortgage application is approx one thousand pounds, then valuation, Camden conveyancing search fees, etc). The first course of action is to ensure that your property lawyer is on the Kent Reliance approved list. Concerning the subsequent phase this very much depends on the specifics of your case, desire for the property and on the state of the market. During a buoyant market the majority of purchasers will apply for the mortgage with Kent Reliance and pay for the survey and only if it was satisfactory would they ask their lawyer to press on with the conveyancing in Camden.