My bank has recommended a law firm on their panel based in Leatherhead but I would rather instruct a conveyancing lawyer in Leatherhead or nearer to where I live. Are you able to help?
It is by no means the case that all Leatherhead conveyancing solicitors are listed all lender’s conveyancing panel. Use our find an approved solicitor tool to locate a Leatherhead conveyancing firm on the on the lender panel.
We are purchasing a house in Leatherhead. I might seem paranoid but how we can trust a lawyer? At some point we will need to put funds into their account. What is the protection we have from them run away with our money?
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 Leatherhead. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
Almost all banks and building societies 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 sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I was told three weeks ago that my mortgage has been agreed to by Aldermore. Is it usual for Aldermore to only issue the offer once my solicitor in Leatherhead is approved on their conveyancing panel? Aldermore have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.
It has been 2 months following my purchase conveyancing in Leatherhead 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 asset 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.
How does conveyancing in Leatherhead differ for newly converted properties?
Most buyers of new build premises in Leatherhead come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Leatherhead tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Leatherhead or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a straight forward, no chain conveyancing. Leatherhead is the location of the property. Can you shed any light on this issue?
Flying freeholds in Leatherhead are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Leatherhead you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Leatherhead may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
We have selected a Leatherhead conveyancing solicitor for our home move (FTB’s) and have noticed in the engagement letter that they are not governed by the Financial Conduct Authority. Should I be worried or is that the norm with lawyer?
We can't see why they should be. Most conveyancing practitioner don't lend money. They will be governed by the Solicitors Regulation Authority, who set strict rules in place on amounts sitting on client account.