The Strawberry Hill conveyancing firm handling our Strawberry Hill conveyancing has uncovered an inconsistency between the assumptions in the home valuation report and what is in the conveyancing documents. My lawyer informs me that he is obliged to check that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance correct?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications 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 you.
As someone not used to the Strawberry Hill conveyancing process what’s the number one tip you can give me concerning the home moving process in Strawberry Hill
You may not hear this from too many lawyers but conveyancing in Strawberry Hill and elsewhere in North London is often a confrontational process. In other words, when it comes to conveyancing there exists an abundance of room for conflict between you and other parties involved in the home moving process. E.g., the vendor, estate agent and sometimes the lender. Appointing a law firm for your conveyancing in Strawberry Hill should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the transaction whose interest is to protect your legal interests and to keep you safe.
We are witnessing a definite ongoing adversarial element to conveyancing- someone has to be at fault for the process taking so long. You should always trust your solicitor ahead of all other parties when it comes to the legal assignment of property.
My lawyer in Strawberry Hill is not on the Santander Approved Panel. Is it possible for me to retain my family solicitor even though they are not on the Santander panel?
Your options are as follows:
- Complete the purchase with your existing Strawberry Hill solicitors but Santander will need to use a solicitor on their list of acceptable firms. This will result in additional total legal fees and cause delays.
- Choose an alternative solicitor to to deal with the purchase, remembering to check they are Santander approved.
- Persuade your Santander solicitor to seek to join the Santander panel
I need some quick conveyancing in Strawberry Hill as I am faced with a deadline to sign on the dotted line within 3 weeks. Thankfully I do not need a mortgage. Can I avoid the conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you are at free not to have searches carried out although no conveyancer would recommend that you don't. With lots of history conveyancing in Strawberry Hill the following are instances of issues that can show up and therefore impact market value: Enforcement Actions, Overdue Charges, Overdue Grants, Road Schemes,...
I have been on the look out for a flat up to £235,500 and found one round the corner in Strawberry Hill I like with amenity areas and station nearby, however it only has 51 years unexpired on the lease. There is not much else in Strawberry Hill suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a mortgage the shortness of the lease will likely be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
Is planning consent needed to change a house into two flats in Strawberry Hill? This has been done to a property opposite to my house in Strawberry Hill and was unaware of it happening until it was finished.
Planning Consent yes. Building Regulations yes.