Our West Harrow solicitor has uncovered a difference between the assumptions in the valuation report and what is revealed within the conveyancing documents. My solicitor informs me that he must ensure that the bank is OK with this discrepancy and is content to go ahead. Is my conveyancer’s approach right?
Your solicitor 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.
I purchased a freehold house in West Harrow but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in West Harrow and has limited impact for conveyancing in West Harrow but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I have recentlydiscovered that Arc property Solicitors have closed. They conducted my conveyancing in West Harrow for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The easiest method to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of West Harrow conveyancing specialists.
How does conveyancing in West Harrow differ for new build properties?
Most buyers of new build property in West Harrow contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is finished. This is because house builders in West Harrow tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in West Harrow or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. West Harrow is the location of the property. Is there any advice you can impart?
Flying freeholds in West Harrow are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside West Harrow you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Harrow 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 premises.
I have been Googling for West Harrow competitive conveyancing fees. Can I be assured that all the West Harrow law firms that are listed on your site are on the bank conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have assured us via an online form that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a lender or a member of the public that the data about a specific West Harrow firm being on the mortgage company conveyancing panel is not accurate.