Me and my husband are buying property in Earlsfield. My property lawyer is not on the lender conveyancing panel. Can I still use my Earlsfield conveyancing solicitor notwithstanding that they are not on the bank list of approved lawyers?
One will need to use a conveyancer to complete the legal work required if you take out a loan to buy your property. The conveyancer will carry out all the appropriate legal checks on the property, ensuring that you will be properly registered as the owner and ensure that all the necessary mortgage documentation is in order. You may instruct a Earlsfield lawyer of your choosing. However, if the lawyer appointed is not on the lender solicitor panel supplemental fees will be incurred as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they should take the opportunity to apply.
It has been 2 months since my purchase conveyancing in Earlsfield took place. I have checked the Land Registry website which shows that I paid £150,000 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.
I have been on the look out for a leasehold apartment up to £235,500 and found one close by in Earlsfield I like with a park and railway links in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Earlsfield suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage that many years will likely be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Am I right to be suspicious by 3rd parties that I am dealing with are encouraging me to use a national conveyancing firm as opposed to a High Street Earlsfield conveyancing company?
As with many service providers, often suggestions from connections can be worth their weight in gold. Yet there are many people with a vested interest in a conveyancing deal; estate agents, mortgage brokers and mortgage companies may suggest conveyancers to choose. Sometimes these solicitors might be known to one of the organisations as experts in their field, but sometimes there might be a financial incentive behind the endorsement. You have the right to select your preferred lawyer. However, bear in mind that some mortgage providers specify a panel list of solicitors you must use for the lender related work in your transaction.
My husband and I are FTB’s - agreed a price, yet the agent advised that the seller will only go ahead if we appoint their recommended solicitors as they need an ‘expedited deal’. We would rather use a local solicitor accustomed to conveyancing in Earlsfield
It is improbable the vendors are behind this. Should the seller desire ‘a quick sale', taking such a hostile approach to a motivated buyer is is going to put the whole deal at risk. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are ready to go, with finances in place © you are unencumbered (d) you wish to move quickly (e)however you will continue to appoint your own,trusted Earlsfield conveyancing firm - rather thanthose that will earn their negotiator at the agency a referral fee or achieve conveyancing figures pre-set by corporate headquarters.