The Porthleven conveyancing firm handling our Porthleven conveyancing has discovered a difference when comparing the information in the home valuation report and what is revealed within the legal papers for the property. My solicitor informs me that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action appropriate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements 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.
We are planning on selling our house in Porthleven and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any local conveyancer would know this is not the case. It does beg the question why the buyers are using an internet conveyancing practice rather than a conveyancing solicitor in Porthleven. Having lived in Porthleven for many years we know that this is a non issue. Do we get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I completed on my house on 8 May and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Porthleven expressed confidence that it will be registered in less than a month. Are transfers in Porthleven uniquely lengthy to register?
As far as conveyancing in Porthleven is concerned, registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can adjust depending on who lodges the application, whether it is in order and if the Land registry must send notices to any third persons or bodies. At present in the region of 80% of such applications are completed in less than three weeks but occasionally there can be extensive hold-ups. Registration takes place once the new owner is living at the premises so registration formalities is not always primary concern but where there is a degree of urgency associated with the registration then you or your conveyancer could contact the land registry and explain the circumstances.
I have been on the look out for a flat up to £245,000 and identified one close by in Porthleven I like with a park and transport links nearby, however it only has 52 years on the lease. I can't really find anything else in Porthleven in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the shortness of the lease will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
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Is it best to go with a Porthleven conveyancing solicitor based in the vicinity that I am buying? I have an old university friend who can perform the conveyancing however her office is approximately 350kilometers away.
The primary upside of using a local Porthleven conveyancing firm is that you can attend the office to sign paperwork, present your ID and apply pressure on them if necessary. They will also have local intelligence which is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and they were impressed that must outweigh using an unfamiliar Porthleven conveyancing solicitor just because they are Porthleven based.