I hired a high street firm for my conveyancing in Warfield today. After carefully reading the Terms it is apparent thatwe are liable for charges even if our purchase doesn't happen. Should I go with them or select an internet solicitor practice offering no-sale-no-fee conveyancing in Warfield?
It is usually a trade off in that if "No Sale No Fee" is available then the fee levels will generally be uplifted to offset those conveyances that fail to complete. Also remember that such deals rarely protect you from expenditure such as Warfield conveyancing search charges.
My husband and I are only a couple days away from an exchange on a house in Warfield and my parents have sent the ten percent deposit to my conveyancer. I am now advised that as the deposit has not arrived from me my lawyer needs to disclose this to my lender. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I informed the lender about my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
Your lawyer is duty bound to check with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I need some fast conveyancing in Warfield as I am faced with a deadline to sign on the dotted line within one month. Luckily I do not require a mortgage. Can I avoid the conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to have searches carried out although no law firm would suggest that you don't. Drawing on our experience of conveyancing in Warfield the following are examples of what can appear and adversely impact future mortgageability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Unadopted Roads,...
four months have elapsed since my purchase conveyancing in Warfield took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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 ground for flat up to £195,000 and found one round the corner in Warfield I like with open areas and station in the vicinity, the downside is that it only has 52 remaining years left on the lease. There is not much else in Warfield suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan that many years may be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.