Please explain the implications if my solicitor is expelled from the HSBC Solicitor panel ahead of completing my conveyancing in Moor Park?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Me and my partner are buying a property in Moor Park. I might seem paranoid but how we can trust a solicitor? On completion day we will need to put our life savings into their account. What is the protection 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.
About to purchase maisonette in Moor Park. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Moor Park property lawyer is on the Aldermore conveyancing panel.
After what feels like an age I have had an offer on an apartment in Moor Park agreed to, the owners do nevertheless have a connected purchase. The owners have offered on somewhere, but it’s not yet tied up, and are looking at other apartments booked. I have chosen a nearby conveyancing solicitor in Moor Park. What do I do now? When should I get the mortgage application with HSBC started?
It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then valuation, Moor Park conveyancing search charges, etc). First, you should check that your lawyer is on the HSBC conveyancing panel. Regarding the subsequent phase this very much dictated by the uniqueness of your case, attraction to the property and on the state of the market. During a rising market the majority of purchasers would apply for a home loan with HSBC and arrange for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to press on with searches.
It has been five months since my purchase conveyancing in Moor Park took place. I have checked the Land Registry website which shows that I paid £175,000 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 residence 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.
What makes your site different to other online quote calculators for conveyancing in Moor Park?
At this site get a fixed fee quote from a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Moor Park. Unlike many estate agents and many comparison sites we are not in the business of charging firms a fee if you select them for your property ownership legalities in Moor Park
Can you offer any advice when it comes to choosing a Moor Park conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for your lease extension (regardless if they are a Moor Park conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with two or three firms including non Moor Park conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be helpful:
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Can they put you in touch with clients in Moor Park who can give a testimonial? What volume of lease extensions has the firm conducted in Moor Park in the last year?
My wife and I have hit a brick wall in trying to purchase the freehold in Moor Park. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We are happy to put you in touch with a Moor Park conveyancing firm who can help.
An example of a Lease Extension decision for a Moor Park residence is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case was in relation to 3 flats. The remaining number of years on the lease was 71 years.