My Hammersmith solicitor has spotted a discrepancy between the assumptions in the valuation report and what is revealed within the legal papers for the property. My lawyer says that he needs to ensure that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance correct?
Your lawyer 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.
Are the Hammersmith conveyancing solicitors identified as being on the Virgin Money conveyancing panel, together with their details provided by Virgin Money?
Hammersmith conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
Is it necessary to pay for insurance to address the risk of chancel repairs when buying a property in Hammersmith?
Unless a prior acquisition of the property completed post 12 October 2013 you may assume that lawyers delivering conveyancing in Hammersmith to remain encouraging a chancel search and or chancel repair liability insurance.
Have completed on a a terraced house in Hammersmith , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Hammersmith conveyancing solicitor works at snail pace, so I want to be sure that my name is registered.
As far as conveyancing in Hammersmith registration is no quicker or slower than anywhere else in the country. Rather than based on location, timeframes can adjust depending on the party submitting the application, whether there are errors and whether the Land registry have to notify any other persons or bodies. Currently approximately 80% of submission are fully addressed within two weeks but some can be subject to protracted hold-ups. Historically registration occurs after the buyer is living at the premises therefore 'speed' is not usually an essential issue but if it is urgent that the the registration takes place urgently then you or your lawyers can speak with the land registry and explain the circumstances.
I opted to have a survey done on a property in Hammersmith in advance of appointing solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies tend refuse to grant a loan on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hammersmith. Conveyancing will be smoother if you use a solicitor in Hammersmith especially if they are acquainted with such properties in Hammersmith.
What is the average conveyancing fee for conveyancing in Hammersmith?
The average cost last year for conveyancing in Hammersmith was £1,419 not including Land Tax and Land Registry charges.