My IFA requires my North Woolwich law firm’s panel member for the Santander conveyancing panel. How do I obtain this. I have called my local North Woolwich branch but they have not responded to me.
The sensible thing to do is ask for this information from your North Woolwich conveyancer . Most North Woolwich conveyancing firms will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
I am hoping to move into my new home in North Woolwich next Friday. My lawyer now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?
Any lawyer on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 conditions. These requirements are not limited to conveyancing in North Woolwich.
I purchased a freehold property in North Woolwich but still charged rent, why is this and what is this?
It’s unusual for properties in North Woolwich and has limited impact for conveyancing in North Woolwich but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
It has been 3 months since my purchase conveyancing in North Woolwich took place. I have checked the Land Registry website which shows that I paid £150,000 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.
Just had an offer accepted on a new build flat in North Woolwich. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in North Woolwich
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
My brother-in-law has suggested I instruct a conveyancing solicitor in North Woolwich. I need to find out if they are on the bank's approved list of lawyers. Can you or the bank confirm if they are on the panel?
One option is to call the conveyancer and ask them if they are on the bank's panel. If that does not help get in touch with us and we can make some checks for you. If they are not on the bank panel we can certainly arrange a specialist conveyancing solicitor in North Woolwich on the approved list for your lender.