Our Poringland conveyancer has spotted a discrepancy between the surveyor’s assumptions in the home valuation report and what is in the title deeds. My solicitor says that he must ensure that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
Your conveyancer must comply with the UK Finance Lenders’ Handbook provisions 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 suggested a law firm on their panel based in Poringland but I would rather instruct a conveyancing lawyer in Poringland or nearer to where I live. Are you able to help?
It is by no means the case that all Poringland conveyancing firms are on all lender’s conveyancing panel. Please make the most of our search tool to identify a Poringland conveyancing solicitor on the on the mortgage company panel.
Have completed on a a semi-detached house in Poringland , how long should it take for the Land Registry to deal with the formalities evidencing my proprietorship? My Poringland conveyancing solicitor works at snail pace, so I want to check the registration formalities are concluded.
There is nothing unique when it comes to conveyancing in Poringland registration formalities. Rather than based on location, timeframes can differ subject to who lodges the application, whether there are errors and if the Land registry have to notify any other persons or bodies. At present in the region of 80% of submission are completed in less than three weeks but some can be subject to extensive delays. Registration is effected once the buyer is living at the premises therefore 'speed' is not usually primary concern but where it is urgent that the the registration takes place urgently then you or your lawyers should contact the land registry and explain the circumstances.
Due to the guidance of my in-laws I had a survey completed on a house in Poringland ahead of retaining solicitors. I have been told that there is a flying freehold element to the house. My surveyor has said that some lenders tend refuse to issue a mortgage on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Poringland. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Poringland to see if the conveyancing costs will increase in light of this.
I own a leasehold house in Poringland. Conveyancing and Alliance & Leicester mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1992. The conveyancing practitioner in Poringland who previously acted has now retired. What should I do?
First contact the Land Registry to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Poringland conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Poringland Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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Are any of leasehold owners in arrears of their service charge liability? The best form of lease arrangement is if the freehold reversion is owned by the leaseholders. In this situation the tenants enjoy control and notwithstanding that a managing agent is usually retained if the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Are there any major works anticipated that will increase the maintenance charges?
At last I have had an offer on an apartment in Poringland agreed to, but there is a chain. The owners have submitted an offer on a property, however it’s not been accepted yet, and are looking at other properties in the pipeline. I have instructed a local conveyancing lawyer in Poringland. What do I do now? At what point should I apply for the mortgage with Skipton?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx one thousand pounds, then survey, Poringland conveyancing search fees, etc). First, you must ensure that your property lawyer is on the Skipton conveyancing panel. As to the next steps this very much depends on the uniqueness of your case, desire for the property and on the state of the market. During a rising market the majority of home buyers would apply for a home loan with Skipton and arrange for the valuation and only if it comes back ok would they pay their conveyancer to move forward with searches.