The Marford conveyancing firm handling our Marford conveyancing has discovered a difference when comparing the surveyor’s assumptions in the home valuation report and what is in the legal papers for the property. My lawyer informs me that he is duty bound to ensure that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action legitimate?
Your lawyer 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.
I own a freehold property in Marford but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Marford and has limited impact for conveyancing in Marford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
How does conveyancing in Marford differ for newly converted properties?
Most buyers of new build property in Marford come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because house builders in Marford usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Marford or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Marford is the location of the property. Can you shed any light on this issue?
Flying freeholds in Marford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Marford you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Marford may ascertain 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.
We are one month into a residential purchase having been recommend to solicitors by the high street agent to do our conveyancing in Marford. We are not happy. Can you you assist me in finding new lawyers?
A conveyancer would have to be really bad in order to consider diss instructing them. Has your mortgage been issued? In the event that it has you must make them aware of the new contact details and ensure the loan are re-issued. The conveyancer should be on the banks panel to avoid added expenses and complications. That should be your starting point. Our search tool can help you find a bank approved lawyer for your conveyancing in Marford
We are about to purchasing a home in Marford. Could our conveyancing practitioner have the amount we are are buying for private from the likes of Zoopla. How could this be achieved ?
HMLR by statute are obliged to disclose price paid data on the official title for domestic properties nationwide including properties in Marford. The register of title is a public document, so the Land Registry would be breaking the law if they did not permit access to the register.
In essence you can make a request of HMLR to hide the amount paid data yet the response will be in the negative.