It has been 4 months following my purchase conveyancing in Nuthall 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 buying a new build house in Nuthall with a loan from Accord Mortgages Ltd. The builders would not budge the amount so I negotiated £7000 of additionals instead. The property agent told me not inform my conveyancer about this extras as it would adversely affect my mortgage with Accord Mortgages Ltd. 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.
Due to the advice of my in-laws I had a survey completed on a house in Nuthall ahead of instructing solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some lenders may refuse to grant a loan on this type of home.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. If you e-mail us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Nuthall. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Nuthall to see if the conveyancing costs will increase in light of this.
What tools are available to search for a Nuthall solicitor on the Skipton Building Society conveyancing panel? I am a keen cyclist and am willing to travel upto 20miles to meet the conveyancer.
Feel free to make use of the facility on this website. Please choose the mortgage company and your location and you will see a number of Nuthall conveyancing lawyers located nearest you. We have listed some Nuthall conveyancing firms towards the end of this page and you can contact them to see if they are on the Skipton Building Society approved list
I am thinking of appointing a conveyancing lawyer in Nuthall for my home move. Is it possible to review a solicitor's complaints history with the legal regulator?
Anyone may review presented Solicitor Regulator Association (SRA) determinations stemming from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The regulator sometimes monitor call for training reasons.
Why do I have to send my conveyancing practitioner with various items of ID before they can commence with selling or purchasing a property in Nuthall?
Nuthall conveyancers are obliged by the Law Society, SRA, the Land Registry and current AML legislation to record that the have verified the identity of their clients. It is also sometimes a condition of your bank where you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to Land Tax and need to have information such as your full names, NI number and date of birth.