I have given 2 months notice to my existing landlord and have to leave my rented property in Upper Walthamstow by the end of next month. Conveyancing for my house purchase is progressing. Is it possible to complete in six weeks as don't want to have to find short term accommodation?
It is unwise to provide notice on a rental unless your lawyer suggests that you should. If you have not previously done so, speak to your solicitor and urge them to they apply pressure on the sellers lawyers, try to get a realistic time scale from them that all parties will look to achieve
I am looking to buy a property and need a conveyancing solicitor in Upper Walthamstow who is on the Alliance & Leicester approved. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Alliance & Leicester in certain locations such as Upper Walthamstow. We dont recommend any particular firm.
It has been 3 months following my purchase conveyancing in Upper Walthamstow completed. I have checked the Land Registry website which shows that I paid £150,000 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 property 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'm purchasing my first flat in Upper Walthamstow benefiting from help to buy. The sellers refused to budge the amount so I negotiated £7000 of extras instead. The sale representative advised me not disclose to my conveyancer about this deal as it could put at risk my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what should have been a simple, chain free conveyancing. Upper Walthamstow is the location of the property. Can you offer any guidance?
Flying freeholds in Upper Walthamstow are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Upper Walthamstow you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Upper Walthamstow 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.