The Dinas Powys conveyancing firm handling our Dinas Powys conveyancing has uncovered a difference when comparing the information in the home valuation survey and what is revealed within the title deeds. My solicitor says that he is obliged to ensure that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’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 both parties.
Forgive me if this question is silly but I am new to the house moving as a first time purchaser of a two bedroom flat in Dinas Powys. Do I pick up the keys to the premises on completion from my lawyer? If this is the case, I will use a local conveyancing solicitor in Dinas Powys?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the seller's lawyers, and shortly after the monies have arrived, you will be called to collect the keys from the property Agents and move into your new home. This tends to happen early afternoon.
We are getting the release of further funds on our mortgage from Yorkshire BS as we want to carry out improvements to our home in Dinas Powys. Are we obliged to select a local Dinas Powys solicitor on the Yorkshire BS conveyancing panel to handle the paperwork?
Yorkshire BS do not ordinarily instruct a member of their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS panel.
Having digested plenty of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Dinas Powys solicitor - who is on the Nationwide conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Nationwide will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nationwide will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Dinas Powys postcode. As you are getting a mortgage with Nationwide, you could contact them to see if they have a list of approved surveyors in Dinas Powys.
I have a 4 bedroom Victorian house in Dinas Powys. Conveyancing solicitor acted for me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the matching property. Is it worth asking Yorkshire Building Society to clarify?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Dinas Powys and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing practitioner who conducted the conveyancing.
Due to the input of my in-laws I had a survey completed on a property in Dinas Powys ahead of instructing conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some banks will refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Dinas Powys. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Dinas Powys cover?
Non domestic conveyancing in Dinas Powys covers a wide array of guidance, given by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I am buying a garden maisonette in Dinas Powys. Conveyancing solicitor is awaiting, from the vendor, building insurance documents. Earlier today I was informed that the owner needs to send the insurance paperwork for the flat above also. Why would my solicitor need to check the insurance for the flat above? Is it strictly necessary? We have been waiting for the last 3 weeks…
It is not unheard of in leasehold conveyancing in Dinas Powys to find Conveyancing in Dinas Powys in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats as opposed to the freeholder insuring the whole premises - which is clearly preferable. You should double check with your solicitor but it would appear that your solicitor is attempting to establish that the complete building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated for lack of insurance cover.