Our Kenton lawyer has spotted an inconsistency when comparing the surveyor’s assumptions in the home valuation survey and what is revealed within the title deeds. My lawyer says that he needs to check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s course or action correct?
Your solicitor 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 both parties.
My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Kenton. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Nationwide, pay off the mortgage. Is this allowed?
Given you plan to refinance then Nationwide will insist on your using a conveyancer on the Nationwide conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nationwide conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nationwide mortgage is registered as a charge at the Land Registry.
What is your number one tip for choosing a conveyancing solicitor in Kenton
It would be unwise to be seduced by the lowest Kenton conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I just bought a house at auction in Kenton. Conveyancing is necessary. What is next?
Now that you have exchanged you will need to find a conveyancing lawyer soon as you will have a fast approaching a fixed date to complete the conveyancing. An auction property should have a corresponding legal set of papers. This should include most,if not all of the paperwork that your conveyancer will need. Where you are dealing with leasehold property the conveyancing pack may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You should give this to the lawyer working for you at the earliest opportunity. Do make sure that your finances are organised to complete the transaction on the set completion date.
I'm the sole recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Kenton. Conveyancing formalities meant that the Land Registry date was in October. I want to move. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership will be regarded the same way as if I'd bought the property in October. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. many banks would take a pragmatic view as this obligation primarily exists to capture subsales or the wholesaling and assigning of properties.
Do commercial conveyancing searches reveal impending roadworks that could impact a commercial premises in Kenton?
Its becoming the norm that commercial conveyancing solicitors in Kenton will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Kenton. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Kenton.
For each commercial conveyancing transaction in Kenton it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Kenton commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Kenton.
I am a sole trader wishing to take an assignment of a lease of a shop on the high street. Can you recommend solicitors offering no-move-no fees for commercial conveyancing in Kenton for under £2000?
We can recommend firms who have specialist knowledge of commercial conveyancing in Kenton, including the sale and acquisition of businesses as well as simply property. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we can find you the right lawyer. Regarding the fees these will vary based on the structure and nuances of the deal. Please provide us with your details or phone so as to enable us to furnish you with a detailed commercial conveyancing quote.
I need to instruct a conveyancing solicitor in Kenton for my purchase. Is it possible to check a firm’s record with the profession’s regulator?
You can find published Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training requirements.