Are the Wimbledon conveyancing solicitors identified as being on the UBS conveyancing panel, together with their details provided by UBS?
Wimbledon conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.
I am considering applying for a Virgin Money mortgage for purchase of a newly converted (under development) in Wimbledon with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Virgin Money ?
There is nothing to stop you using your solicitor, but Virgin Money will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Should my lawyer be asking questions about flooding during the conveyancing in Wimbledon.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Wimbledon. Some people will purchase a property in Wimbledon, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Solicitors are not qualified to offer advice on flood risk, but there are a number of checks that may be undertaken by the buyer or on a buyer’s behalf which will give them a better understanding of the risks in Wimbledon. The standard information given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard question of the vendor to find out if the property has historically flooded. If the premises has been flooded in past and is not revealed by the seller, then a buyer could commence a compensation claim as a result of such an misleading answer. The buyer’s solicitors will also order an environmental report. This will higlight whether there is any known flood risk. If so, more detailed inquiries will need to be carried out.
2 months have gone by since my purchase conveyancing in Wimbledon took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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 advice of my in-laws I had a survey completed on a house in Wimbledon prior to instructing lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some lenders tend not issue a mortgage on such a premises.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. If you e-mail us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wimbledon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wimbledon to see if the conveyancing costs will increase in light of this.
I am looking for a conveyancing solicitor in Wimbledon for my house move. Can I see a firm’s complaints history with the profession’s regulator?
Members of the public can see presented Solicitor Regulator Association (SRA) decisions arising from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The regulator may monitor call for training purposes.