My IFA requires my West Wickham law firm’s panel member for the HSBC conveyancing panel. How do I find this out. I have tried my local West Wickham branch but they don't know it.
You are best placed to get this information from your West Wickham conveyancer . Most West Wickham conveyancing practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
Should my solicitor be asking questions regarding flooding during the conveyancing in West Wickham.
The risk of flooding is if increasing concern for lawyers specialising in conveyancing in West Wickham. Plenty of people will buy a property in West Wickham, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to impart advice on flood risk, however there are a various checks that can be carried out by the buyer or on a buyer’s behalf which should give them a better appreciation of the risks in West Wickham. The conventional set of property information forms supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) incorporates a usual question of the vendor to find out whether the property has historically flooded. If flooding has previously occurred and is not disclosed by the vendor, then a buyer could bring a claim for damages stemming from an inaccurate reply. A purchaser’s lawyers will also carry out an environmental report. This should indicate whether there is a recorded flood risk. If so, additional inquiries will need to be carried out.
It has been five months since my purchase conveyancing in West Wickham took place. I have checked the Land Registry site 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 asset 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.
Due to the guidance of my in-laws I had a survey completed on a house in West Wickham prior to instructing conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies will not issue a loan on a flying freehold home.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in West Wickham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in West Wickham to see if the conveyancing will be more expensive.
I have been pointed in your direction by a number of selling agents in West Wickham to choose a property lawyer on your site. Is there a financial advantage for Estate Agents to offer your services rather than a competitor’s?
We don’t give any financial incentive for directing people in our direction. We found it would be just too difficult a fee because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Being a tenant I am on the hook for a maintenance fee for my property in West Wickham. Due to redundancy and other issues I slipped into arrears with payments. I negotiated a clearance schedule but there is still in the region of £2000 due in arrears.
I am under pressure to sell and I am worried this may jeopardize the sale if I have to settle the amount due in advance. I'd like to sell up and then repay the debt from the proceeds - is this practicable?
Do check with the conveyancing practitioner carrying out your West Wickham conveyancing but one option could be to arrange for the arrears to be passed to the purchasers. The contractual price they pay would be adjusted to reflect the amount of debt they take on. They would then deal with the outstanding monies once they are the owners.