Our Baldock lawyer has uncovered an inconsistency when comparing the assumptions in the valuation report and what is revealed within the title deeds. My solicitor says that he must ensure that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance correct?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
We are planning to acquire a flat and need a conveyancing solicitor in Baldock who is on the Co-operative solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in Baldock.
I require expedited conveyancing in Baldock as I am under pressure to complete inside 3 weeks. Thankfully I do not need a mortgage. Can I avoid the conveyancing searches to save money and time?
If.Given you are not taking a mortgage you are at liberty not to do searches although no lawyer would suggest that you don't. With lots of history conveyancing in Baldock the following are instances of issues that can arise and therefore impact the marketability of the property: Enforcement Actions, Overdue Charges, Outstanding Grants, Road Schemes,...
It has been four months following my purchase conveyancing in Baldock concluded. I have checked the Land Registry website which shows that I paid £175,000 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 asset 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.
I am looking for a flat up to £305k and found one round the corner in Baldock I like with open areas and station in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Baldock suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage that many years will be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
My father-in-law has recommend that I use his conveyancing solicitors in Baldock. Should I find my own solicitor?
Much as we are happy to recommend a Baldock conveyancing lawyer the best way to choose a conveyancing practitioner is to have guidance from friends or relatives who have actually used the firm you're are thinking of instructing.