As someone not used to the Upminster conveyancing process what’s your top tip you can impart for the legal transfer of property in Upminster
You may not hear this from too many lawyers but conveyancing in Upminster or throughout London is often a confrontational experience. Put another way, when it comes to conveyancing there is plenty of room for friction between you and others involved in the legal transfer of property. E.g., the seller, property agent and on occasion your lender. Selecting a solicitor for your conveyancing in Upminster an important selection as your conveyancer is your adviser, and is the ONLY person in the process whose interest is to look after your best interests and to protect you.
We are witnessing a worrying emergence in the "blame" culture- someone must be at fault for the process taking so long. You must always trust your solicitor above all other parties in the conveyancing process.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when purchasing a property in Upminster?
Unless a prior purchase of the premises completed post 12 October 2013 you can assume that conveyancing practitioners conducting conveyancing in Upminster to remain recommending a chancel search and or insurance against a claim.
2 months have elapsed since my purchase conveyancing in Upminster concluded. I have checked the Land Registry site which shows that I paid £150,000 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 premises 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 am buying a new build house in Upminster with a mortgage from HSBC Bank. The sellers refused to budge the price so I negotiated 6k of additionals instead. The property agent suggested that I not inform my conveyancer about the deal as it could put at risk my loan with HSBC Bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the input of my in-laws I had a survey completed on a property in Upminster before retaining conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some lenders may refuse to grant a mortgage on such a house.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Upminster. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Upminster to see if the conveyancing costs will increase in light of this.
I am one month into a leasehold purchase having been referred to solicitors by the estate agent to perform conveyancing in Upminster. I am am extremely disappointed with the level of service. Can you you assist me in finding new lawyers?
They would have to be very poor in order to consider replacing them. Has the mortgage offer been sent? If so you need to inform them of the new contact details and ensure the mortgage documents are issued to the new lawyers. The solicitor ideally needs to be on the mortgage company panel to avoid added expenses and delays. So that should be your first question of the new lawyers. The search tool will assist you in finding a bank approved solicitor for your home move in Upminster