Me and my partner are acquiring our first home. Our property lawyer has contact usto ask if we wish to take out additional conveyancing searches. We are really unsure what's recommended for conveyancing in Old Ford
The scope of Old Ford conveyancing searches should be dictated entirely on the premises, the location, the possibility of any of these risks, your familiarity of the region and risks, your overall appetite to risk. What is important is that you adequately comprehend what information the searches could supply. Then you can make a decision if you consider that you need that search. Should you be unclear, ask your conveyancing practitioner to guide you.
What does my ID and proof of funds have anything to do with my conveyancing in Old Ford? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Old Ford. Nowadays you will not be able to proceed with any conveyancing transaction if you have not providing proof of your identity. This usually takes the form of a either your passport or driving licence as well as a utility bill. Remember if you are providing your driving licence as evidence of identification it must be both the paper part as well as the photo card part, one is not satisfactory in the absence of the other.
Evidence of your source of funds is mandated in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer must have this information on file. Your Old Ford conveyancing lawyer will need to see evidence of proof of funds prior to accepting any money from you into their client account and they should also ask further queries concerning the source of monies.
It has been three months since my purchase conveyancing in Old Ford completed. I have checked the Land Registry website which shows that I paid £175,000 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 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 need to retain a conveyancing solicitor for residential conveyancing in Old Ford. I happened to chance upon a web site which appears to be the ideal offering If there is a chance to get all formalities completed via web that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Back In 2007, I bought a leasehold house in Old Ford. Conveyancing and Accord Mortgages Ltd mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Old Ford who acted for me is not around. What should I do?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to instruct a Old Ford conveyancing lawyer to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Having spent months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Old Ford. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We are happy to put you in touch with a Old Ford conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Old Ford property is 26 Rhondda Grove in June 2009. The net price payable by the leaseholders as determined by the Tribunal was £3,015.13. This comprised £11,300 premium for the reversion less £8,284.87 costs as ordered by the County Court.
What can I do where I am not happy with the property lawyer who undertook my conveyancing in Old Ford?
We live in an imperfect world, and is is a fact of life that occasionally things do go wrong. However there is recourse if you were not happy with your conveyancing in Old Ford. This varies from trying to resolve matters directly with them, through to reporting a lawyer to their governing body. If you remain dissatisfied you may consider getting in touch with the Legal Ombudsman.