My wife and I are buying a property in Ironbridge. I might seem paranoid but how we can trust a solicitor? On completion day we have to send money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I just bought a flat at auction in Ironbridge. Conveyancing is necessary. What are my next steps?
Having legally committed yourself to purchase you must retain a conveyancing practitioner as a matter of priority as you are faced with a pending a drop dead date to complete the deal. An auction property should have a corresponding legal pack. This will include most,if not all of the documents that your conveyancer will need. In the case of leasehold premises the auction papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You should pass this on to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds in order to complete on the on the contractual date .
Having digested plenty of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Ironbridge solicitor - who is on the Virgin Money conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Ironbridge surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
three months have gone by following my purchase conveyancing in Ironbridge concluded. I have checked the Land Registry website which shows that I paid £175,000 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.
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Ironbridge is where the house is located. Can you shed any light on this issue?
Flying freeholds in Ironbridge are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ironbridge you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ironbridge 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 premises.
What makes your site different to alternative online quote calculators for conveyancing in Ironbridge?
At this site secure a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Ironbridge. Unlike many estate agents and brokerage sites we do not charge firms a fee if you appoint them for your conveyancing in Ironbridge
My wife and I have instructed a Ironbridge conveyancing solicitor for our house purchase (FTB’s) and have noticed in the terms and conditions that they are not covered by the Financial Conduct Authority. Should I be concerned or is that the norm with conveyancer?
We can't see why they should be. Most lawyer don't lend money. They will be governed by the Solicitors Regulation Authority, who dictate strict conditions regulating amounts held by them.