My Knebworth lawyer has spotted a difference between the information in the home valuation survey and what is revealed within the conveyancing documents. My lawyer has advised that he is duty bound to check that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s stance 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 you.
My bank has recommended a law firm on their panel based in Knebworth but I would rather instruct a conveyancing lawyer in Knebworth or nearer to where I live. Are you able to assist?
Not all Knebworth conveyancing practices are approved and listed on all lender’s conveyancing panel. Please make use of our search tool to choose a Knebworth conveyancing solicitor on the on the bank panel.
Have purchased a a terraced house in Knebworth , how long should it take for the Land Registry to register the transfer to my name? My Knebworth conveyancing solicitor has been painfully slow, so I want to be sure the land registry aspects are addressed.
As far as conveyancing in Knebworth registration is no quicker or slower than the rest of the country. Rather than based on location, timescales can adjust depending on the party submitting the application, whether it is in order and whether the Land registry need to notify any 3rd persons or bodies. Currently approximately three quarters of submission are fully addressed within 12 days but some can be subject to longer delays. Historically registration takes place once the buyer is living at the premises therefore 'speed' is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your solicitor must communicate with the Registry to express the reasoning for an expedited registration.
I'm buying a new build house in Knebworth with the aid of help to buy. The sellers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not inform my lawyer about the deal as it could affect my mortgage with the lender. Should I keep quiet?.
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 issue on a house I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Knebworth is the location of the property. Is there any advice you can impart?
Flying freeholds in Knebworth 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 Knebworth you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Knebworth may decide 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.
How do I use your search app to get a quote from a conveyancing solicitor in Knebworth on the panel for my mortgage?
Step one is to pick a lender such as HSBC Bank, The Mortgage Works or Godiva Mortgages Ltd then type in your preferred area such as Knebworth. Conveyancing practices in Knebworth and beyond will then be identified.