The Hendon conveyancing firm handling our Hendon conveyancing has identified a difference when comparing the information in the valuation survey and what is in the conveyancing documents. My lawyer says that he is duty bound to check that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s course or action right?
Your conveyancing practitioner 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 you.
Various internet forums that I have come across warn that are the number one reason for delay in Hendon conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Hendon.
It has been four months following my purchase conveyancing in Hendon took place. I have checked the Land Registry site 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.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Hendon is the location of the property. What do you suggest?
Flying freeholds in Hendon are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hendon you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hendon 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 property.
We're novice buyers - had an offer accepted, yet the agent advised that the seller will only move forward if we use their chosen solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family solicitor with experience of conveyancing in Hendon
It is improbable the vendors are behind this. Should the vendor require ‘a quick sale', turning down a serious buyer is counter productive. Try to communicate with the sellers directly and make sure they understand (a)you are motivated purchasers (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you will continue to appoint your own,trusted Hendon conveyancing firm - not the ones that will earn the estate agent a referral fee or achieve conveyancing targets set by corporate headquarters.
My mum and dad cant seem to find their Hendon property on the HM Land Registry website. They have a vague recollection back in the 60’s when they acquired the house there were complications regarding the post code not being identified on some systems.
The vast majority of residences in Hendon should appear. Have you endevoured to search with just the postcode. Ordinarily it should reveal all the properties inside the postcode. Where recorded it will show up with a title number. If they bought sixty years ago it's conceivable it may be unregistered. The address may still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title documentation which may be with your parent’s lender.