I can't travel far from Romford. What is the rationale as to why all Romford conveyancers aren't included on all mortgage company panels?
As inequitable as it may appear for lenders to restrict who can represent them, from the public’s or solicitor’s point of view, the flip side is that lenders are increasingly anxious and regard it vital to shield themselves against illegal activities. As a consequence of this concern lenders have consolidated their panel of approved conveyancing lawyers to a manageable size.
What does my ID and proof of funds have anything to do with my conveyancing in Romford? Why is this being asked of me?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Romford. However these days you will not be able to complete any conveyancing deal if you have not submitting proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are providing your driving licence as evidence of ID 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 money is required in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your lawyer must have this information on record. Your Romford conveyancing practitioner will require evidence of proof of funds prior to accepting any funds from you into their client account and they may also ask additional queries concerning the origin of funds.
I used Arc property Solicitors several years past for my conveyancing in Romford. Now, I need the files but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Romford of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Romford differ for new build properties?
Most buyers of new build property in Romford approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Romford typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Romford or who has acted in the same development.
Back In 2009, I bought a leasehold flat in Romford. Conveyancing and Halifax mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Romford who acted for me is not around. Do I pay?
The first thing you should do is contact the Land Registry to be sure that this person is indeed the new freeholder. It is not necessary to incur the fees of a Romford conveyancing solicitor to do this as it can be done on-line for a few pound. 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.
My wife and I have hit a brick wall in seeking a lease extension in Romford. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to decide the amount due.
An example of a Lease Extension decision for a Romford premises is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case related to 1 flat. The number of years remaining on the existing lease(s) was 57.5 years.
Builders have recommended to me a solicitor and I've received a quote from them. It's nearly £400 cheaper than my own Romford property lawyer. What's the catch?
Housebuilders normally have panels of conveyancers who are quick and who know the seller’s contract and solicitor. Plenty of developers offer an inducement to select their approved conveyancer for this reason, any increased fees can be avoided and a developer won't recommend a conveyancing factory and run the risk of having the conveyancing delayed when they need an exchange within a tight deadline. The argument for not agreeing to use the recommended conveyancer is that they may be reluctant to fight for your interests at the risk of alienating the sellers. If you worry that this may be the situation you should remain with your local Romford conveyancing practitioner.
