Our Old Woking solicitor has identified a difference between the assumptions in the valuation report and what is in the legal papers for the property. My solicitor says that he must check that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s course or action correct?
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 both parties.
How up to date is your database of Old Woking solicitors on the Santander conveyancing panel? Do Santander send you an updated list?
Old Woking conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
I have paid off my mortgage with Virgin Money. I assume I don't need a Old Woking property lawyer on the Virgin Money panel to remove the mortgage at the Land Registry. Please confirm.
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
I have decided to exercise my right to buy my property in Old Woking off the council. I have a mortgage offer with Co-operative. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
Kent Reliance have agreed my home loan in principle, my offer on a property in Old Woking has been accepted, what are the next steps?
Your estate agent will wish to know who your solicitors are (make sure the conveyancing practitioners are on the bank’s approved list). Call up Kent Reliance or the broker and finish off any outstanding paperwork. Kent Reliance will instruct a valuer who will get in touch with the estate agent or seller to arrange an appointment. Once carried out (assuming no problems) it takes about a week to receive the mortgage offer. Kent Reliance will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Old Woking.
I need some expedited conveyancing in Old Woking as I am faced with a deadline to complete in less than one month. Thankfully I do not need a mortgage. Can I avoid the conveyancing searches to save fees and time?
As you are not obtaining a mortgage you have the choice not to have searches conducted although no solicitor would recommend that you don't. With lots of history conveyancing in Old Woking the following are instances of issues that can crop up and adversely affect future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
As co-executor for the will of my father I am disposing of a house in Newport but live in Old Woking. My lawyer (who is 300 miles from merequires that I execute a stat dec prior to the transaction finalising. Can you recommend a conveyancing practitioner in Old Woking to attest this legal document for me?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Old Woking based
I am in need of some leasehold conveyancing in Old Woking. Before I get started I require certainty as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and almost all are in Old Woking - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Old Woking Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
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Are any of leasehold owners in arrears of their service charge liability? You should be aware if it is fewer than eighty years it will have adverse implications on the marketability of the apartment. Check with your lender that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will probably require a lease extension at some point and it is worth discovering what this would cost. Remember, in most cases you would need to own the residence for two years before you are eligible to exercise a lease extension. The majority of Old Woking leasehold properties will be liable to pay a service charge for maintenance of the building set on behalf of the freeholder. If you purchase the property you will have to meet this liability, normally in instalments during the year. This could be anything from a couple of hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent to be met yearly, normally this is not a significant figure, say approximately £50-£100 but you should to check it because sometimes it can be surprisingly expensive.