Do I need to visit the offices of the solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Albany Park so that I can pop in to their offices if required.
Whereas this was necessary 12 years ago, most mortgage companies no longer require their conveyancing panel lawyer to witness the borrowers signature. You will still be obliged to hand over ID documents and there are still manifest advantages to choosing a locally based ayer, in your situation a conveyancing solicitor in Albany Park.
A friend advised me that in buying a property in Albany Park there could be a number of restrictions limiting what one can do in terms of external alterations to a property. Is this right?
We are aware of anumerous of properties in Albany Park which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Albany Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Does a directory service exist listing HSBC panel conveyancers in Albany Park on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association sites. A small selection of banks make their panel listings available online. If you are in need of a Albany Park conveyancer on the HSBC please make the most of our facility.
I had a mortgage agreed in principle with Kent Reliance. Albany Park conveyancing practitioners are chosen. How long does it take for Kent Reliance to forward the offer to the solicitor?
There is no definitive answer here. Have Kent Reliance done the survey? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
My wife and I are close to exchanging contracts on the sale of our home in Albany Park and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A local lawyer would know this is not the case. For the life of me I don't know why the buyers used an online conveyancing practice as opposed to a conveyancing solicitor in Albany Park. Having lived in Albany Park for many years we know that this is a non issue. Is it a good idea to contact our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing firm already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
It has been 3 months following my purchase conveyancing in Albany Park completed. I have checked the Land Registry website 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 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 am buying my first flat in Albany Park benefiting from help to buy. The developers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not inform my conveyancer about the side-deal as it may jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.