My wife and I are purchasing a apartment in Dalston. It might be a silly question but how we can trust a solicitor? On completion day we will need to send funds 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.
Completion of my purchase has taken place for my property in Dalston. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
After much negotiation I have agreed a price on an apartment in Dalston. My mortgage broker suggested a lawyer. I paid an upfront payment of £225. Not long after, the conveyancer contacted me sheepishly admitting that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when acquiring a property in Dalston?
Unless a prior purchase of the premises completed after 12 October 2013 you could assume that lawyers carrying out conveyancing in Dalston to continue to recommend a chancel search and or insurance against a claim.
It has been 4 months following my purchase conveyancing in Dalston concluded. I have checked the Land Registry website 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 premises 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.
I am buying a new build flat in Dalston. 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 are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Dalston
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Please supply a car parking plan. Please confirm the Lease plans are architect prepared. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Do I need to be wary about 3rd parties that I am dealing with are encouraging me to use a nationwide conveyancing firm rather than a local Dalston conveyancing company?
As is the case with lots of service providers, often recommendations from connections can be worth their weight in gold. Yet there are lots of players in a conveyancing matter; estate agents, mortgage brokers and mortgage companies might all put forward solicitors to appoint. Sometimes these conveyancers might be known to one of the organisations as being good in their field, but sometimes there behind the scenes commercial relationship behind the recommendation. You have the discretion to appoint your preferred lawyer. Don't forget that most lenders have an approved list of solicitors you have to use for the lender aspect of your transaction.
Can you please explain what my options are where my Dalston conveyancing searches reveals detrimental entries?
Ordinarily, most issues that arise in Dalston conveyancing search responses can be dealt with before completion or indemnity insurance could possibly be put on cover. You should remember that even though you are buying the property and may be content to accept the search results, your building society or bank may not, and when all said and done have the final decision.