The Bedlington conveyancing firm handling our Bedlington conveyancing has discovered a difference between the information in the home valuation survey and what is revealed within the conveyancing documents. My solicitor has advised that he needs to check that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s approach legitimate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook requirements 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.
What is the first thing I need to know regarding purchase conveyancing in Bedlington?
Not many law firms or advisers will tell you this but conveyancing in Bedlington or throughout England and Wales is an adversarial process. In other words, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and other parties involved in the house moving process. E.g., the seller, estate agent and even potentially the bank. Appointing a law firm for your conveyancing in Bedlington an important selection as your conveyancer is your adviser, and is the ONE person in the process whose responsibility is to act in your best interests and to protect you.
Sometimes a potential adversary will attempt to sway you that you should follow their advice. As an example, the property agent may claim to be assisting by claiming that your conveyancer is dragging his heels. Or your mortgage broker may advise you to do something that is against your lawyers advice. You should always trust your lawyer above all other parties in the conveyancing process.
Will commercial conveyancing searches reveal planned roadworks that may impact a commercial premises in Bedlington?
Its becoming the norm that commercial conveyancing solicitors in Bedlington will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Bedlington. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Bedlington.
For every commercial conveyancing transaction in Bedlington it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Bedlington commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Bedlington.
It has been three months since my purchase conveyancing in Bedlington completed. I have checked the Land Registry website which shows that I paid £175,000 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 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.
Due to the input of my in-laws I had a survey completed on a house in Bedlington ahead of instructing solicitors. I have been told that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies may not give a loan on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bedlington. Conveyancing may be slightly more expensive based on your lender's requirements.
Is there anything unique about your site and alternative online quote calculators when it comes to conveyancing in Bedlington?
At this site obtain an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Bedlington. As opposed to estate agents and many comparison sites we are not in the business of charging firms a fee if you select them for your home move in Bedlington