My wife and I are buying a house in East Acton. I might seem paranoid but how we can trust a solicitor? At some point we have to put our life savings 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.
We are aiming to move property in August. Does my conveyancing solicitor communicate with the removal company on the day of completion. On a separate note, can you recommend a removal company in East Acton. Conveyancing solicitor was found prior to coming across this website.
On the afternoon of completion you can collect the house keys from the selling agent however this can only occur after the vendors lawyers inform the agent that the monies to complete are in and the keys can be collected. You should tell the removal company that you are ready to move in. We do not recommend a specific removal company but can help you locate a residential property solicitor in East Acton or a solicitor that specialises in conveyancing in East Acton.
I am the single recipient of my late mum's estate and I have everything in my name alone, including the house in East Acton. Conveyancing formalities meant that the Land Registry date was in May. I plan to dispose of the property. I do know about the CML six month 'rule', which means that my property ownership could be regarded the same way as if I'd bought the house in May. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. many mortgage companies would take a sensible view as this obligation principally exists to identify subsales or the wholesaling and assigning of property.
It has been 2 months since my purchase conveyancing in East Acton took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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.
I am purchasing my first flat in East Acton with a loan from Norwich and Peterborough Building Society. The builders refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not disclose to my conveyancer about this extras as it could impact my mortgage with Norwich and Peterborough Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I was pointed in your direction by a number of selling agents in East Acton to find a solicitor on your site. Is there a financial incentive for Estate Agents to promote your services over and above a competitor’s?
We don’t make any referral fee for pointing buyers and sellers in our direction. We found it would be just too difficult a fee as members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Am I better off to instruct a East Acton conveyancing lawyer who is local to the property I am buying? An old friend can conduct the legal work however they are based a couple of hundredmiles away.
The primary upside of using a high street East Acton conveyancing firm is that you can attend the office to sign documents, present your identification documents and apply pressure on them where appropriate. They will also have local knowledge which is a benefit. However it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and the majority were happy that should trump using an unfamiliar East Acton conveyancing lawyer solely due to them being based in the area.
We expect to complete our sale of a £150,000 flat in East Acton in nine days. The managing agents has quoted £300 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in East Acton?
For most leasehold sales in East Acton conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Completing pre-contract questions
Where consent is required before sale in East Acton
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have tried to negotiate informally with with my landlord for a lease extension without success. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a East Acton conveyancing firm to act on my behalf?
in cases where there is a absentee landlord or if there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the premium.
An example of a Freehold Enfranchisement matter before the tribunal for a East Acton property is 49 Long Drive in March 2014. The tribunal concluded that the price payable for the freehold interest in the Property should be £26,491 divided as to £12,546 in respect of the ground floor flat and £13,945 in respect of the first floor flat This case was in relation to 2 flats. The remaining number of years on the lease was 68.47 years.