Me and my partner are buying a apartment in Coombe Warren. It might be a silly question but how we can trust a conveyancer? On the day of competition we will need to deposit money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We were going to get a AIP from UBS 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 UBS recommend any Coombe Warren solicitors on the UBS conveyancing panel, or is it better to go independently?
You will need to appoint Coombe Warren solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
After much negotiation I have agreed a price on an apartment in Coombe Warren. My mortgage broker recommended their conveyancers. I paid an upfront payment of £150. Soon after, the conveyancer called me to say that they were not on the Yorkshire BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Yorkshire BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am purchasing a property and the lawyer has referenced Chancel Repair for which the house could be obligated to pay given it’s proximity to the area of such a church. He has recommended insurance. Is this strictly necessary for conveyancing in Coombe Warren
Unless a prior acquisition of the house took place after 12 October 2013 you may take it that conveyancing practitioners conducting conveyancing in Coombe Warren to remain recommending a chancel search and or chancel repair liability insurance.
It has been 4 months since my purchase conveyancing in Coombe Warren took place. I have checked the Land Registry website 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 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.
How does conveyancing in Coombe Warren differ for new build properties?
Most buyers of new build premises in Coombe Warren approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Coombe Warren tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Coombe Warren or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a quick, chain free conveyancing. Coombe Warren is the location of the property. Can you shed any light on this issue?
Flying freeholds in Coombe Warren are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Coombe Warren 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 Coombe Warren 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 residence.