I had intended to instruct a property lawyer in Hackney Marshes for our house move. Our financial adviser informed us that our bank Godiva Mortgages Ltd won't deal with them. Surely this is unfair competition?
A mortgage company can insist on an approved solicitor act for it. Borrowers are liable to meet the charges for this. Try using our search facility to get a quote from a solicitor to carry conveyancing in Hackney Marshes on the Godiva Mortgages Ltd conveyancing panel.
My wife and I are purchasing a flat in Hackney Marshes. I might seem paranoid but how we can trust a lawyer? At some point we have to send funds 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.
The mortgage over my property is with Virgin Money for my property in Hackney Marshes. Conveyancing has been completed a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Virgin Money?
Your original mortgage agreement with Virgin Money will provide that you need their approval before letting out your property as this is likely to be a breach of Virgin Money’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Virgin Money directly. It should not be necessary to do this via a Virgin Money conveyancing panel firm.
Our sealed bid on a house in Hackney Marshes has been agreed to, but there is a chain. The vendors have put an offer on a property, but it’s not yet agreed to, and have viewings of other flats in the pipeline. I have instructed a high street conveyancing solicitor in Hackney Marshes. What should be my next step? When do I get the mortgage application with Coventry BS started?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of £1k, then survey, Hackney Marshes conveyancing search fees, etc). First, you must ensure that your conveyancing practitioner is on the Coventry BS conveyancing panel. Regarding the subsequent stages this very much dictated by the uniqueness of your transaction, motivation for this property and on the state of the market. During a buoyant market some home buyers would apply for the mortgage with Coventry BS and arrange for the valuation and only if it comes back ok would they pay their conveyancing practitioner to move forward with searches.
It has been three months following my purchase conveyancing in Hackney Marshes took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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.
Taking into account that I will soon spend over three hundred thousand on 3 bedroom house in Hackney Marshes I would like to have a conversation with the lawyer concerning thehouse move ahead of giving the go ahead to the firm. Is this something that you can arrange?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you speaking to the lawyer who will be doing your conveyancing in Hackney Marshes.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter number. The solicitors that we put you in touch with believe that the figure you are provided with for residential conveyancing in Hackney Marshes should be the amount on the final invoice that you end up paying.
Should I use a Hackney Marshes conveyancing solicitor based in the area that I am purchasing? An old friend can execute the legal work but his firm is located 300kilometers drive away.
The benefit of a high street Hackney Marshes conveyancing firm is that you can visit the firm to execute documents, hand in your identification documents and apply pressure on them if necessary. Having local Hackney Marshes know how is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and the majority were happy that must trump using an unknown Hackney Marshes conveyancing lawyer just because they are Hackney Marshes based.