I am hoping to receive a mortgage offer from Halifax. I intend to use a Licensed Conveyancer in Yeading. Does the Halifax Conveyancing panel include conveyancers regulated by the CLC?
The Halifax conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
The Yeading conveyancing firm handling our Yeading conveyancing has discovered an inconsistency between the information in the home valuation survey and what is revealed within the title deeds. My solicitor informs me that he must ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s course or action legitimate?
Your property lawyer 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 both parties.
Should conveyancers request money on account for conveyancing in Yeading?
If you are buying a property in Yeading your solicitor will ask you to provide them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. If any down payment is payable against the sale price then this should be asked for immediately in advance of contracts are exchanged. The closing balance that is needed should be transferred a few days prior to the completion date.
It has been 3 months following my purchase conveyancing in Yeading completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. 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 residence 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Yeading is the location of the property. What do you suggest?
Flying freeholds in Yeading are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Yeading you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Yeading 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 premises.
How much experience do your Yeading conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Yeading conveyancing lawyers help thousands of people move home every year and assisted lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Yeading conveyancers have worked on recent similar matters.