Am I correct in assuming that the fact that my solicitor in Shoreditch is not on my mortgage company's conveyancing panel that there is a problem with the standard of his conveyancing?
That would most likely be a wrong assumption to make. There are plenty of plausible explanations. Just recently a report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Shoreditch conveyancing practice and enquire why they are no longer on the approved list for your mortgage company.
I need some fast conveyancing in Shoreditch as I have a deadline to complete within one month. Luckily I do not require a mortgage. Can I decline from having conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you have the choice not to have searches carried out although no lawyer would recommend that you don't. Drawing on our experience of conveyancing in Shoreditch the following are examples of what can show up and therefore impact market value: Enforcement Notices, Outstanding Fees, Overdue Grants, Railway Schemes,...
five months have elapsed since my purchase conveyancing in Shoreditch concluded. 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 am looking for a leasehold apartment up to £245,000 and found one round the corner in Shoreditch I like with open areas and railway links nearby, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Shoreditch in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
What can I do to find out who owns a property in Shoreditch?
On the basis that the property is recorded at the Land Registry, and you have the information of the location of the property, you should be able to obtain results from the the Land Registry of the recorded proprietor for a fee.