My Chessington lawyer has discovered a difference when comparing the assumptions in the home valuation survey and what is revealed within the legal papers for the property. My solicitor has advised that he is obliged to ensure that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s course or action appropriate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
We are buying a property in Chessington. It might be a silly question but how we can trust a conveyancer? On completion day 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.
is it true that all Chessington solicitor practices on the Leeds Building Society conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Leeds Building Society approved list of solicitors they would need to be governed by the SRA. Some mortgage companies do allow licenced conveyancers on their panel in which case such organisation would be overseen by the CLC.
We previously instructed conveyancing lawyers located in Chessington on the TSB solicitor approved list. They are now charging me a separate sum for dealing with the TSB mortgage. Is this an additional conveyancing fee specified by TSB?
Provided it is contained in their Terms of Engagement or estimate then yes your lawyer is entitled to levy a fee for this. This fee is not dictated by TSB but by your Chessington solicitor. Plenty of firms on the TSB panel will quote an ‘acting for lender’ fee but many practices include it on their overall fee.
It has been three months since my purchase conveyancing in Chessington concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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.
What tools are available to locate a Chessington solicitor on the National Westminster Bank conveyancing panel? I drive a motor bike and am willing to travel upto 20kilometers to meet the conveyancer.
You can use the tool on this page. Please select a lender and your location and you will see a number of Chessington conveyancing lawyers based on proximity. We have detailed some Chessington conveyancing firms at the bottom of this page and you can call them to check whether they are on the National Westminster Bank approved list
My husband and I are new to the buying process - agreed a price, but the estate agent told us that the seller will only move forward if we appoint the agent's chosen lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Chessington
We suspect that the owner is unaware of this request. If they desire ‘a quick sale', taking such a hostile approach to a serious purchaser is going to damage their objectives. Avoid the agents and go straight to the owners and make sure they comprehend that (a)you are genuine purchasers (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)however you intend to instruct your own,trusted Chessington conveyancing solicitors - not the ones that will earn their estate agent a kickback or hit his conveyancing figures demanded by corporate headquarters.
Is there a reason that Chessington conveyancing costs are more expensive for leasehold and freehold properties?
Leasehold conveyancing in Chessington more often than not will involve additional due diligence such as investigating the lease, communicating with the freeholder, obtaining up to date rent receipts, landlord’s consents, management company’s accounts etc.