My Highworth solicitor has discovered a discrepancy when comparing the surveyor’s assumptions in the valuation report and what is in the legal papers for the property. My solicitor has advised that he is obliged to check that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action correct?
Your lawyer must comply with the UK Finance Lenders’ Handbook conditions 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.
I am thinking of remortgaging my property in Highworth, does my lawyer need to be on the Barclays Solicitor panel?
In theory, you could use a solicitor that is not on the Barclays conveyancing panel, but Barclays would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I own a 4 bedroom Victorian house in Highworth. Conveyancing lawyer acted for me and Leeds Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Highworth and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing solicitor who carried out the work.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Highworth is the location of the property. Can you shed any light on this issue?
Flying freeholds in Highworth are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Highworth you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Highworth 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.
Is there anything unique about your site and alternative internet conveyancing solicitors for conveyancing in Highworth?
At this site get an accurate quote via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Highworth. Unlike many estate agents and brokerage sites we do not operate kick-back deals with solicitors. Some agents and online brokers 'recommend' solicitors who pay the highest per referral, as opposed to the best value conveyancing in Highworth
We are four weeks into a residential purchase having been referred to conveyancers by the local agent to carry out the conveyancing in Highworth. I am not happy. Can you help me find new lawyers?
A conveyancer would need to be really bad to suggest replacing them. Has your mortgage offer been sent? In the event that it has you need to inform them of the new conveyancer and have the loan are re-issued. Your new solicitor ideally should be on the lenders approved list to avoid supplemental expenses and frustration. So that should be your first question of the new conveyancers. The search tool will assist you in finding a lender approved conveyancer for your conveyancing in Highworth