Our Edenbridge solicitor has spotted an inconsistency when comparing the information in the home valuation report and what is in the legal papers for the property. My lawyer informs me that he is duty bound to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s course or action correct?
Your conveyancer 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.
My grandfather passed away 10 months ago and as sole heir and executor I was left the house in Edenbridge. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this allowed?
If you plan to re-mortgage then Co-operative will require that you use a conveyancer on the Co-operative conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Co-operative conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Co-operative mortgage is registered as a charge at the Land Registry.
Despite weeks of looking the Title Certificate and documents to our property are lost. The conveyancers who did the conveyancing in Edenbridge 10 years ago no longer exist. Will I be able to sell the house?
Assuming you have a registered title the information relating to your ownership will be recorded by HMLR with a Title Number. It is possible to execute a search at the Land Registry, identify your property and obtain current copies of the property title for a small fee. Where the property is Leasehold then the Land Registry will in most cases retain a certified copy of the Registered Lease and again, a copy can be retrieved for a small fee.
I'm buying my first flat in Edenbridge with a mortgage from Norwich and Peterborough Building Society. The sellers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not reveal to my conveyancer about the extras as it could jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
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.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Edenbridge is where the house is located. What do you suggest?
Flying freeholds in Edenbridge are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Edenbridge you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Edenbridge may determine 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 residence.
Is it possible to switch solicitor as I have to instruct one who is on the Aldermore conveyancing list. I instructed a high street conveyancing solicitor in Edenbridge five minutes from me but he is not approved by Aldermore
We will our best to assist in finding you a conveyancing solicitor in Edenbridge on the Aldermore panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Edenbridge. In utilising the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Edenbridge.