My financial adviser has asked me for my Bourne End law firm’s panel reference for the HSBC conveyancing panel. How do I obtain this. I have called my local Bourne End office but they have not responded to me.
You are best placed to get this information from your Bourne End conveyancer . They retain a central record lender panel numbers.
We are purchasing a apartment in Bourne End. I might seem paranoid but how we can trust a solicitor? At some point we will need to deposit our life savings into their account. What is the protection we have from them run away with our money?
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.
Forgive me if this question is silly but I am unexperienced as a first time purchaser of a ground floor flat in Bourne End. Do I pick up the keys to the property on the completion date from my lawyer? If this is the case, I will instruct a local conveyancing solicitor in Bourne End?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the seller's conveyancers, and once they have received this, you should be called to collect the keys from the property Agents and start moving into the property. Usually this occurs between 1 and 3pm.
I am buying a property in Bourne End. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender UBS be concerned?
As your lender is UBS your lawyer must comply with the conveyancing instructions contained in Section two of UK Finance Lenders’ Handbook for UBS. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and conveyancers are required to report to UBS where a lease does not satisfy these provisions. The requirements relate to the installation of panels on properties nationwide and is not limited to Bourne End.
A colleague recommended that where I am purchasing in Bourne End I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Bourne End conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Bourne End around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Bourne End Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Bourne End Education with maps and statistics, Local Amenities and other useful data concerning Bourne End.
4 months have elapsed following my purchase conveyancing in Bourne End completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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.
Over the last few months I have been searching for a ground for flat up to £305k and found one round the corner in Bourne End I like with open areas and railway links nearby, however it only has 49 years on the lease. I can't really find anything else in Bourne End suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.