Our Bodfari lawyer has uncovered an inconsistency when comparing the information in the valuation report and what is in the title deeds. My solicitor informs me that he is obliged to ensure that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s approach legitimate?
Your lawyer 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 you.
Finally the sale completed on my house in Bodfari last September but my buyer keeps Skype messaging me to say their lawyer is waiting to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
After completion of your sale your conveyancer should deliver the transfer deeds and all supplemental paperwork to the purchaser's lawyers. Where relevant, your solicitor must also confirm that the legal charge in favour of the lender has been repaid to the purchasers lawyers. There are no post completion procedures specific conveyancing in Bodfari.
five months have gone by following my purchase conveyancing in Bodfari took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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.
I decided to have a survey completed on a house in Bodfari ahead of instructing solicitors. I have been told that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies will not give a mortgage on this type of premises.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. Should you wish to call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bodfari. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bodfari to see if the conveyancing costs will increase in light of this.
My company is planning to lease a unit on the high street. Can you recommend conveyancers offering no-move-no fees for commercial conveyancing in Bodfari for below 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Bodfari, including the disposal and acquisition of businesses as well as simply premises. If you are looking to purchase or lease a shop, pub, restaurant, office, retail premises or a whole business we can find you the right lawyer. Regarding the costs this will depend on the structure and complexity of the proposed transaction. Please provide us with your details or phone us so that we can provide you with a detailed commercial conveyancing calculation.
How much experience do your Bodfari conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Bodfari conveyancing lawyers help thousands of people move home every year and supported lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Bodfari conveyancers have worked on recent similar cases.