I require conveyancing for an apartment in a fairly new development (6 years old) in St Leonard Shoreditch. The vast majority the appartments are already disposed of. Is it really necessary to order conveyancing searches as part of conveyancing in St Leonard Shoreditch?
You are putting yourself at risk in not carrying out St Leonard Shoreditch conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal requirement to have them, but we would absolutely advise in no uncertain terms that you have them. If accelerating the process and price are top of your issues you should consider with your conveyancer about the options such as contingency insurance available to you
What does my ID and proof of funds have anything to do with my conveyancing in St Leonard Shoreditch? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identity of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Terms of Engagement that you are required to sign will no doubt stipulate this. Your lender will also require certain documents to be viewed. Should you refuse to hand over ID verification documents, your solicitor would not be able to act for you.
Me and my partner are purchasing a property in St Leonard Shoreditch. I might seem paranoid but how we can trust a lawyer? At some point we have to put our life savings into their account. What is the protection we have from them run away with our money?
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.
My partner and I are at the point of viewing houses in St Leonard Shoreditch and I am about to put in an offer. Is it sensible to have my property lawyer on ‘stand by’? I intend to finance via a home loan with Bank of Ireland.
It would be advisable to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. Given that you are taking out a mortgage with Bank of Ireland, ask your prospective lawyers if they are on the Bank of Ireland conveyancing panel otherwise they can't do the mortgage legal work.
I recently had an offer accepted on a house in St Leonard Shoreditch. My mortgage broker suggested a lawyer. I paid an upfront payment of £225. A couple of days later, the conveyancer contacted me embarrassingly acknowledging that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
4 months have gone by since my purchase conveyancing in St Leonard Shoreditch took place. I have checked the Land Registry site 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 decided to have a survey carried out on a house in St Leonard Shoreditch before retaining lawyers. I have been informed that there is a flying freehold element to the house. My surveyor advised that some mortgage companies will refuse to give a loan on a flying freehold property.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in St Leonard Shoreditch. Conveyancing may be slightly more expensive based on your lender's requirements.