The Dingle conveyancing firm handling our Dingle conveyancing has discovered an inconsistency between the surveyor’s assumptions in the valuation survey and what is in the conveyancing documents. My solicitor says that he is obliged to ensure that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s approach legitimate?
Your solicitor 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 am the registered owner of a freehold property in Dingle but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Dingle and has limited impact for conveyancing in Dingle 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 establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I have justbecome aware that Arc property Solicitors have closed. They conducted my conveyancing in Dingle for a purchase of a leasehold flat 12 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The quickest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Dingle conveyancing specialists.
I decided to have a survey completed on a house in Dingle before instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some lenders may not give a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. If you call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Dingle. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Dingle to see if the conveyancing will be more expensive.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Dingle. I happened to discover a site which appears to be the ideal answer If there is a chance to get all the legals done via phone that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My mortgage broker has recommended their conveyancing practitioner for our conveyancing in Dingle - won’t it be better to just instruct them?
You need to establish if the estate agent is recommending a lawyer or introducing to a property lawyer. There are plenty of Dingle selling agents who recommend two or three Dingle conveyancing firms and get nothing from it.