It is is a decade since I purchased my house in Chislehurst. Conveyancing lawyers have recently been instructed on the sale but I am unable to track down the title documents. Is this a problem?
You need not be too concerned. Firstly the deeds may be with your lender or they could be in the possession of the lawyers who oversaw the purchase. Secondly the chances are that the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring up to date copy of the land registers. Nearly all conveyancing in Chislehurst involves registered property but in the rare situation where your property is unregistered it is more problematic but is resolvable.
When it comes to lenders such as Nottingham, do Chislehurst lawyers incur a fee to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
I currently have a mortgage with Lloyds for my property in Chislehurst. Conveyancing has been completed some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Lloyds?
Your original mortgage agreement with Lloyds will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Lloyds’s mortgage conditions. It may be that Lloyds will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Lloyds directly. It should not be necessary to do this via a Lloyds conveyancing panel firm.
I was told three weeks ago that my mortgage has been agreed to by Virgin Money. Is it usual for Virgin Money to only issue the offer once my solicitor in Chislehurst is approved on their conveyancing panel? Virgin Money 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 Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
It has been five months following my purchase conveyancing in Chislehurst took place. I have checked the Land Registry website which shows that I paid £150,000 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 asset 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.
My business partner and I are looking to lease a unit on the high street. Can you recommend lawyers offering no-sale-no charges for commercial conveyancing in Chislehurst for less than £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Chislehurst, including the sale and purchase of businesses as well as simply premises. If you are looking to buy or dispose of a shop, pub, restaurant, office, retail unit or a complete business we can find you the right lawyer. As for the costs this will depend on the structure and heads of terms of the deal. Let us have your contact information or call us so that we may supply you with a fixed commercial conveyancing quote.
I am thinking of appointing a conveyancing solicitor in Chislehurst for my home move. Is it possible to check a firm’s complaints history with the legal regulator?
Members of the public may see published Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The regulator could monitor call for training requirements.
Me and my partner have today had a bid accepted on our first home in Chislehurst, and are about to get solicitors instructed. I have made use of the various comparison tools and the quotes are from all across the country. Is it essential to have a Chislehurst property lawyer local to our potential property? We are content to do everything electronically, but I am thinking at some point we may be required to attend the lawyer's office to sign documents?
The lawyer does not need to be in Chislehurst, but opting for local means that you have the option to go in if you need to, by way of example, if a signature is needed urgently. Also, a Chislehurst solicitor is likely to be familiar with local agents and (if the vendor has instructed a local solicitor) with them, which should help smooth the process.