The Walworth conveyancing firm handling our Walworth conveyancing has identified an inconsistency between the surveyor’s assumptions in the valuation survey and what is in the title deeds. My lawyer informs me that he needs to check that the lender is happy with this discrepancy and is content to go ahead. Is my conveyancer’s approach right?
Your lawyer 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 both parties.
Do I need to attend the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Walworth so that I can attend their offices if necessary.
These days approved lawyers for banks undertake their work via Royal Mail, internet or over the phone. This means that they can undertake the conveyancing transaction no matter where you live in England or Wales. That being said you should check if you have the option of going to the offices of your conveyancing lawyer if you prefer.
Have completed on a a semi-detached house in Walworth , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Walworth conveyancing solicitor has been very slow, so I want to check that my purchase is recorded.
As far as conveyancing in Walworth is concerned, registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether it is in order and whether the Land registry have to notify any other parties. Currently in the region of 80% of such applications are completed within two weeks but some can be subject to protracted hold-ups. Historically registration takes place once the buyer has moved in to the premises therefore an expedited registration is not always top priority but where it is urgent that the the registration takes place urgently then you or your solicitor should speak with the land registry and explain the circumstances.
Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in Walworth I like with amenity areas and station in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Walworth suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage that many years may be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
Hoping to buy a property located in Walworth and I am already nervous. I couldn't find anything specific about Walworth. Conveyancing will be needed in due course but do you know about the Walworth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Walworth. In the meantime here are some basic statistics that we found
I have appointed a Walworth conveyancing solicitor for our home move (first time buyers) and have noticed in the Ts and Cs that they are not regulated by the Financial Conduct Authority. Should I be worried or is that standard with conveyancer?
We can't see why they should be. Most conveyancing practitioner don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who dictate stringent conditions regulating funds held in their bank.