The Monken Hadley conveyancing firm handling our Monken Hadley conveyancing has uncovered a difference when comparing the assumptions in the home valuation survey and what is in the title deeds. My solicitor has advised that he is duty bound to ensure that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s stance legitimate?
Your lawyer must comply with the UK Finance Lenders’ Handbook conditions 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.
Is there a reason why leasehold purchase conveyancing in Monken Hadley is more expensive?
Monken Hadley leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I have paid off my mortgage with Virgin Money. I assume I don't need a Monken Hadley conveyancing practitioner on the Virgin Money panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money 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 Virgin Money mortgage from the register. Virgin Money, 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 Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
The mortgage over my property is with RBS for my property in Monken Hadley. Conveyancing has been completed a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform RBS?
RBS must be informed of your intention prior to letting out your property as this is likely to be a breach of RBS’s mortgage conditions. It may be that RBS will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact RBS directly. You need not do this via a RBS conveyancing panel solicitor.
Planning on purchasing a house in Monken Hadley. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Monken Hadley solicitor is on the Kent Reliance conveyancing panel.
I got the keys to my apartment on 4 February and my personal details are still not registered. Need I be worried? My conveyancing solicitor in Monken Hadley said it will be recorded inside ten days. Are properties in Monken Hadley uniquely lengthy to register?
As far as conveyancing in Monken Hadley is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timeframes can differ subject to who lodges the application, whether it is in order and if the Land registry communicate with any 3rd persons or bodies. Currently roughly 80% of such applications are fully dealt with in less than three weeks but occasionally there can be protracted hold-ups. Registration is effected after the buyer is living at the premises thus 'speed' is not always top priority but where there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.
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At this site get an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Monken Hadley. Unlike many estate agents and many comparison sites we do not charge firms a commission if you choose them for your property ownership legalities in Monken Hadley
In my capacity as executor for the will of my uncle I am disposing of a house in Monmouth but reside in Monken Hadley. My conveyancer (based 300 kilometers awayrequires that I sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Monken Hadley who can witness this legal document for me?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are Monken Hadley based