I am obtaining a mortgage with Nat West. I intend to enlist the help of a Licensed Conveyancer in Harrow. Does the Nat West Conveyancing panel include Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
The Harrow conveyancing firm handling our Harrow conveyancing has identified an inconsistency between the surveyor’s assumptions in the home valuation report and what is in the legal papers for the property. My solicitor informs me that he needs to check that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s approach right?
Your conveyancing practitioner 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 you.
As someone not used to the Harrow conveyancing process what’s the number one tip you can give me for the legal transfer of property in Harrow
Not many law firms shout this from the rooftops but conveyancing in Harrow or throughout England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists plenty of room for friction between you and other parties involved in the transaction. For instance, the vendor, property agent and even potentially a mortgage company. Selecting a law firm for your conveyancing in Harrow should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the legal process whose responsibility is to protect your best interests and to protect you.
Every so often a third party with a vested interest may attempt to convince you that you should follow their advice. For instance, the selling agent may claim to be assisting by claiming that your solicitor is slow. Or your financial adviser may advise you to do take action that is contrary to your lawyers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
A friend suggested that if I am purchasing in Harrow I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Harrow conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about Harrow around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Harrow Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Harrow Education with maps and statistics, Local Amenities and other useful information concerning Harrow.
I have been on the look out for a leasehold apartment up to £245,000 and found one round the corner in Harrow I like with a park and station nearby, however it only has 52 years unexpired on the lease. I can't really find anything else in Harrow for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
Given that I will soon spend over three hundred thousand on 3 bedroom house in Harrow I would like to talk to a conveyancer concerning thehouse move ahead of giving the go ahead to the firm. Is this something that you can arrange?
This is something that we recommend - we would be happy to talk to you we do not take any clients on without you liaising with the lawyer who will be conducting your conveyancing in Harrow.There is no ‘factory style conveyancing’ - each client is unique individual, not a case number. The law firms that we put you in touch with believe that the fees you are quoted for your conveyancing in Harrow should be the figure that you are charged.