I am getting a offer of a home loan from Lloyds. I hope to use a Licensed Conveyancer in Purley. Does the Lloyds Conveyancing panel allow for Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
What is the optimum way to discover of the solicitor carrying out my conveyancing in Purley is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Scotland thus spending £175.00 in further legal charges.
You should take advantage of the find a conveyancing panel solicitor tool on this web page. Pick the mortgage company and type ‘Purley’ or your location and you will see numerous conveyancers offices in Purley or near you.
What is the difference between a licensed conveyancer and conveyancing solicitor in Purley
Two types of professional can perform conveyancing in Purley namely CLC regulated conveyancers or solicitors. Both professionals administer conveyancing services that you need to complete the disposal or purchase of property. Both are required to carry out Purley conveyancing to the same quality and guidelines so you may be sure that your conveyancing will be professionally administered and that the requisite procedures should be accurately followed.
I am the sole recipient of my late mum's estate with all property in now in my sole name, including the my former home in Purley. Conveyancing formalities meant that the Land Registry date was in October. I plan to dispose of the house. I do know about the CML six month 'rule', meaning my proprietorship will be treated the same way as if I'd bought the property in October. Do I have to wait 6 months to sell?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. How practical a view lenders take of it, depend on the lender as this clause is primarily there to identify the purchase and immediately sell or the wholesaling and assigning of property.
Two weeks ago we had a mortgage agreed in principle with Virgin Money. Purley conveyancing solicitors are appointed. What is the average time that one could expect to receive a mortgage offer from Virgin Money?
Some lenders take longer than others. Have Virgin Money conducted the valuation? Have you informed Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
It has been 2 months following my purchase conveyancing in Purley completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Purley is where the house is located. What do you suggest?
Flying freeholds in Purley are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Purley you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Purley may determine 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 residence.
I need to instruct a conveyancing solicitor for sale conveyancing in Purley. I have chance upon a web site which looks to be the ideal offering If there is a chance to get all the legals completed via web that would be preferable. Should I be wary? What are the potential pitfalls?
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?