The South Woodford conveyancing firm handling our South Woodford conveyancing has identified a difference between the surveyor’s assumptions in the valuation report and what is in the conveyancing documents. My lawyer says that he must ensure that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance appropriate?
Your solicitor must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Have just purchased a repossessed house at auction in South Woodford. Conveyancing is needed. What are my next steps?
Now that you have for all intents and purposes signed on the dotted line you should retain a conveyancing solicitor quickly as you are faced with a fast approaching deadline in which to complete the transaction. Every auction property will have a corresponding legal set of papers. This should include evidence of title and search results. Where you are dealing with leasehold premises the conveyancing papers should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You need to give this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are organised to complete on the date specified in the contract.
I am being advised by my lawyer that breach of easement insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in South Woodford?
The right level of breach of easement indemnity insurance depends on your lender. It would differ for example between Lloyds TSB Bank and Skipton Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
Are all South Woodford Conveyancing Quality Solicitors on the Santander conveyancing list of approved practices?
Some major lenders now make use of the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.
Are there restrictive covenants that are commonly picked up as part of conveyancing in South Woodford?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in South Woodford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a simple, chain free conveyancing. South Woodford is where the house is located. What do you suggest?
Flying freeholds in South Woodford are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside South Woodford you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Woodford 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 property.
We are 3 weeks into a freehold purchase having been recommend to solicitors by the selling agent to execute conveyancing in South Woodford. I am not happy. Could you you assist me in finding new solicitors?
A solicitor would have to be really bad in order to consider replacing them. Has the mortgage been generated? In the event that it has you need to inform them of the new contact details and have the loan are re-sent. The conveyancer should be on the banks panel to avoid supplemental fees and frustration. So that should be your first question of the new conveyancers. Our find a solicitor tool can help you find a lender approved lawyer for your conveyancing in South Woodford