I am selling my apartment in Streatham. Will my lawyer have to be on the Bank of Ireland conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
Should commercial conveyancing searches disclose impending roadworks that may affect a commercial estate in Streatham?
Many commercial conveyancing solicitors in Streatham will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Streatham. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Streatham.
For each commercial conveyancing transaction in Streatham it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Streatham commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for residential conveyancing in Streatham.
three months have elapsed following my purchase conveyancing in Streatham completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 asset 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 element on a property I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Streatham is the location of the property. What do you suggest?
Flying freeholds in Streatham are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Streatham you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Streatham 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.
Is it simple use the search tool to choose a conveyancing lawyer in Streatham on the panel for my mortgage?
Step one is to choose a mortgage company such as Lloyds TSB Bank, Skipton Building Society or Godiva Mortgages Ltd then type in your location such as Streatham. Conveyancing organisations in Streatham and beyond should be listed.
My husband and I are FTB’s - agreed a price, yet the agent advised that the owners will only go ahead if we use the agent's preferred conveyancers as they want an ‘expedited deal’. We would rather use a family conveyancer used to conveyancing in Streatham
It is unlikely the owners are behind this. If they want ‘a quick sale', taking such a hostile approach to a genuine buyer is likely to cause more damage than good. Speak to the owners direct and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to use your own,trusted Streatham conveyancing firm - not the ones that will give the negotiator at the agency a commission or hit his conveyancing targets set by senior management.