I instructed a local solicitor for my conveyancing in Hampton Wick today. Upon checking the Ts and Cs I seeI am liable for charges even if the movefalls through. Would I be best advised to instruct an internet solicitor practice advertising no move no charge conveyancing in Hampton Wick?
It is usually a trade off in that if "No Completion No Fee" is available then the fee levels will tend to be be more expensive to counteract the transactions that abort. Do bear in mind that such arrangements generally do not cover expenditure by way of example Hampton Wick conveyancing search costs.
I have given 8 weeks notice to my current landlord and must leave my rented apartment in Hampton Wick by 6/9/2024. Conveyancing for my house purchase has just started. How realistic is it to complete in 4 weeks as I wish to avoid having to find short term accommodation?
Generally one should not give notice on a rental unless your lawyer suggests that you should. If you have not already done so, update to your solicitor and ask them to they chase the owners solicitors, try to an acceptable time-line that all parties will look to achieve
My house in Hampton Wick is up for sale and I have a purchaser. Does the conveyancer have to be on the Barclays conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
Two weeks ago we had a mortgage agreed in principle with TSB. Hampton Wick conveyancing practitioners were appointed. How long does it take for TSB to issue the offer to the conveyancer?
There is no definitive answer here. Have TSB completed the survey? Have you informed TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have today made my last payment due on my mortgage with HSBC. I assume I don't need a Hampton Wick property lawyer on the HSBC panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your HSBC mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the HSBC mortgage from the register. HSBC, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
Bank of Ireland have agreed my home loan in principle, my bid on a flat in Hampton Wick has been accepted, what are the next steps?
The property agent will want to know who your solicitors are (ensure that the lawyers are on the lender’s panel). Call up Bank of Ireland or the financial adviser and finalise any outstanding forms. Bank of Ireland will appoint a valuer who will get in contact with the selling agent or seller to book an appointment. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Bank of Ireland will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Hampton Wick.
It has been five months following my purchase conveyancing in Hampton Wick completed. 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 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 pay a maintenance contribution for my property in Hampton Wick. As a result of personal circumstances I slipped behind with payments. The management company agreed a settlement plan but there is still a couple of outstanding at the current time.
I am under pressure to dispose of the property and I am nervous that this may hold me back if I have to settle the arrears in advance. I'd like to sell up and subsequently discharge the arrears from the completion monies - is this possible?
You should clarify with the property lawyer dealing with your Hampton Wick conveyancing but one option could be to agree for the arrears to be transferred to the purchasers. The contractual price payable would be reduced to reflect the amount of debt they take on. They would then discharge the arrears once they are the owners.