My Roehampton conveyancer has identified a difference between the information in the valuation survey and what is in the title deeds. My solicitor informs me that he is obliged to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s course or action appropriate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions 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.
As a novice what is the most important piece of guidance you can impart about purchase conveyancing in Roehampton?
You may not hear this from too many lawyers but conveyancing in Roehampton and elsewhere in England and Wales is often a confrontational experience. In other words, when it comes to conveyancing there exists plenty of opportunity for friction between you and other parties involved in the ownership transfer. For instance, the seller, selling agent and on occasion your lender. Choosing a law firm for your conveyancing in Roehampton should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the transaction whose responsibility is to act in your legal interests and to keep you safe.
There is a worrying increase of a "blame" culture- someone has to be blamed for the process taking so long. You your first instinct should be to trust your solicitor ahead of the other parties when it comes to the legal transfer of property.
Me and my partner are buying a apartment in Roehampton. It might be a silly question but how we can trust a solicitor? At some point we have to deposit our life savings 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.
My uncle informed me that in purchasing a property in Roehampton there could be various restrictions affecting the ability to carry out external changes to the property. Is this right?
There are anumerous of properties in Roehampton which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Roehampton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have a mortgage with Bank of Ireland for my property in Roehampton. Conveyancing has been completed 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Bank of Ireland?
Bank of Ireland must be informed of your intention prior to letting out your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. It may be that Bank of Ireland will allow you to rent 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 Bank of Ireland directly. It should not be necessary to do this via a Bank of Ireland conveyancing panel solicitor.
The deeds to our home can not be found. The solicitors who dealt with the conveyancing in Roehampton 10 years ago no longer exist. Will I be able to sell the house?
In today’s world there are copies made of almost everything, and your lawyer should be aware precisely where to find all the relevant paperwork so you can buy or sell your property without a hitch. If duplicates are not available, your lawyer can put in place insurance or indemnities against possible claims on your premises.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Roehampton is the location of the property. Can you shed any light on this issue?
Flying freeholds in Roehampton are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Roehampton you must be sure that your lawyer goes 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 Roehampton 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 property.
What does commercial conveyancing in Roehampton cover?
Commercial conveyancing in Roehampton incorporates a wide range of advice, offered by regulated solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.