Am I correct in assuming that the fact that my conveyancer in Walworth is not on my lender's solicitor panel that there is a problem with the quality of the firm’s conveyancing?
That would most likely be an incorrect assumption to make. There are plenty of reasonable explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Walworth conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
Can you suggest a Nottingham Building Society sanctioned Walworth conveyancing lawyer finish our home move within 28 days? Am I best advised to choose a local Walworth solicitor or a nationwide comparison site?
We can recommend some very good Walworth conveyancing firms. Another option is to visit the high street in Walworth. Go in to a couple of law practices and ask to speak with a conveyancing solicitor for a costs illustration. Discuss your requirements together with the reasons and ask for an assurance on your deadline. Select the one that you are most comfortable with.
Completed the sale of my flat in Walworth last June but my buyer keeps Skype messaging every few hours to moan that his lawyer is waiting to hear from mine. What should my lawyer have done following completion?
Post completion of your disposal your conveyancer is obliged to forward the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Where appropriate, your conveyancer must also evidence that the legal charge in favour of the lender has been redeemed to the purchasers lawyers. There is unlikely to be post completion formalities just for conveyancing in Walworth.
It has been 2 months since my purchase conveyancing in Walworth took place. I have checked the Land Registry website which shows that I paid £200,000 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 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 have been on the look out for a ground for flat up to £235,500 and identified one near me in Walworth I like with a park and station in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in Walworth suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the remaining unexpired lease term will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
I need to find a conveyancing solicitor for residential conveyancing in Walworth. I happened to land on a site which appears to be the perfect answer If there is a chance to get all formalities done via web that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?