We were just about to exchange contracts for a freehold house in Walworth. We encountered a stumbling block. The mortgage offer with Aldermore runs out on 20/9/2019 but the sellers are suggesting a completion date of 24/9/2019. Is it possible to extend the mortgage offer?
The best person to address this question is your solicitors who will hopefully calculate whether he or she is should be discussing with the mortgage company, vendor’s conveyancers, estate agents or indeed all parties taking into account the circumstances your conveyancing as of today.
If you had a top tip for selecting a conveyancing solicitor in Walworth what would it be?
Do not opt for the lowest Walworth conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
What is the difference between a licensed conveyancer and conveyancing solicitor in Walworth
Two types of professional can do conveyancing in Walworth namely licenced conveyancers or solicitors. The two can handle conveyancing services that you need to complete the sale or purchase of property. Both are obliged to carry out Walworth conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be properly carried out and that all requisite procedures should be accurately attended to.
We were going to get a OIP from TSB this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do TSB recommend any Walworth solicitors on the TSB conveyancing panel, or is it better to go independently?
You will need to appoint Walworth solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
It has been three months since my purchase conveyancing in Walworth took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Walworth is the location of the property. Can you offer any advice?
Flying freeholds in Walworth are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Walworth 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 Walworth may determine 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 residence.
How do I identify a Walworth law firm on the Barclays Direct conveyancing panel? I have a car and am willing to travel upto 10miles to meet the lawyer.
You can use the tool on this website. Please choose the bank and your location and you will see a number of Walworth conveyancing lawyers based on proximity. We have listed some Walworth conveyancing firms towards the end of this page and you can contact them to check whether they are on the Barclays Direct panel