The Wareham conveyancing firm handling our Wareham conveyancing has identified an inconsistency between the surveyor’s assumptions in the valuation report and what is revealed within the title deeds. My lawyer informs me that he is duty bound to check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s stance right?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions 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.
We note that you have a post code search directory listing law firms on the Virgin Money conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Wareham?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Wareham.
five months have elapsed following my purchase conveyancing in Wareham completed. I have checked the Land Registry site which shows that I paid £175,000 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 was pointed in your direction by numerous property agents in Wareham to get a quote from a property lawyer on your site. What’s the financial inducement for Estate Agents to market your site rather than another?
We refuse to offer any referral fee for directing people in our direction. We thought it would be too underhand a fee as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am 14 days into a freehold purchase having been directed to solicitors by the estate agent to handle our conveyancing in Wareham. We are not happy. Can you you assist me in finding new lawyers?
A lawyer would need to be really bad in order to consider replacing them. Has your mortgage been generated? If so you will need to make them aware of the replacement conveyancer and get the offer are re-sent. Your conveyancer should be on the lenders panel to avoid escalating expenses and frustration. That should be your first question of the new lawyers. Our search tool will assist you in finding a lender approved lawyer for your conveyancing in Wareham
Estate agents have just been given the go-ahead to market my garden apartment in Wareham. Conveyancing lawyers have not yet been instructed, however I have recently had a quarterly service charge demand – should I leave it to the buyer to sort out?
It best that you clear the maintenance contribution as usual given that all rents and maintenance payments will be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Wareham - A selection of Questions you should consider Prior to Purchasing
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The answer will be helpful as a) areas could cause problems in the building as the common areas may begin to deteriorate where services are not paid for b) if the tenants have a dispute with the running of the building you will want to know about it Is the freehold owned jointly by the tenants?