I was advised recently by my lender that my Haslemere lawyer is not on the bank Conveyancing panel. What can I do to be sure if this is correct?
The first thing you need to do is to contact your Haslemere conveyancer. It is reasonable to expect your lawyer to notify you what has happened. Where they are not on the panel they may recommend you to a Haslemere conveyancing practice that is on the conveyancing panel for your lender.
My wife and I have recently appointed a conveyancing solicitor in Haslemere. I I am struggling to find out if they are accepted on the Halifax approved list of lawyers. Can you help?
The first thing you should do is call your conveyancer and ask them whether they are on the lender panel. Alternatively you should call Halifax who may be able to confirm.
It has been five months following my purchase conveyancing in Haslemere completed. 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 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 purchasing a new build house in Haslemere with a loan from Birmingham Midshires. The developers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not disclose to my lawyer about this side-deal as it would adversely affect my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a quick, chain free conveyancing. Haslemere is where the house is located. Can you offer any opinion?
Flying freeholds in Haslemere are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Haslemere you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Haslemere may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have since been informed that it's a leasehold rather than freehold. I am assuming that there are particular concerns buying a leasehold house in Haslemere. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
Most houses in Haslemere are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. It is clear that you are buying in Haslemere so you should seriously consider shopping around for a Haslemere conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’spermission to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is located on an estate. Your lawyer should advise you fully on all the issues.