The Beaminster conveyancing firm handling our Beaminster conveyancing has identified a difference between the surveyor’s assumptions in the home valuation report and what is in the legal papers for the property. My solicitor has advised that he is duty bound to ensure that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s stance legitimate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications 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're in Beaminster, First time buyers buying with a mortgage (lender is RBS , and our solicitor is on the RBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I have been told that property searches are a common reason for stalling in Beaminster house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Beaminster.
Are there restrictive covenants that are commonly picked up during conveyancing in Beaminster?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Beaminster. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Am I best advised to use a Beaminster conveyancing practitioner in close proximity to the house I am purchasing? We have a good friend who can execute the legal work but his firm is located 300miles drive away.
The benefit of a high street Beaminster conveyancing firm is that you can drop in to execute documents, deliver your ID and pester them if necessary. Having local Beaminster know how is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and on the whole were happy that should outweigh using an unfamiliar Beaminster conveyancing solicitor just because they are round the corner.
We are soon to acquiring a home in Beaminster. Conveyancing is not complete but we wish to keep our purchase price private from sites such as Rightmove. Is this achievable and how?
HM Land Registry by statute are required to specify price sold information on a register of the title for domestic properties countrywide which includes premises in Beaminster. The Title Register is a public document, so the Land Registry would be breaching their statutory obligations excluded certain properties such as your property in Beaminster.
In essence you can make a request of HM Land Registry to hide the price paid data but the response will be in the negative.