The West London conveyancing firm handling our West London conveyancing has identified an inconsistency when comparing the assumptions in the valuation survey and what is revealed within the legal papers for the property. My solicitor informs me that he must check that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’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.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in West London so that I can pop in to their offices when needed.
Whereas this was necessary ten years ago, most lenders no longer oblige their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to hand over ID documents and there are still manifest advantages to choosing a local practitioner, in your case a conveyancing solicitor in West London.
We are purchasing a house and the solicitor has referenced Chancel Repair to which the property could be liable given it’s proximity to the area of such a church. She has mentioned insurance. Is this strictly appropriate for conveyancing in West London
Unless a previous purchase of the house completed post 12 October 2013 you could expect conveyancing practitioners carrying out conveyancing in West London to remain recommending a chancel search and or insurance against a claim.
2 months have gone by since my purchase conveyancing in West London concluded. I have checked the Land Registry website 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 property 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'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 London is the location of the property. Can you offer any guidance?
Flying freeholds in West London are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside West London you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West London may ascertain 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 residence.
I need to appoint a conveyancing solicitor for leasehold conveyancing in West London. I've discover a web site which appears to be the perfect offering If there is a chance to get all this stuff done via web that would be preferable. 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?