The Primrose Hill conveyancing firm handling our Primrose Hill conveyancing has discovered a discrepancy when comparing the information in the valuation survey and what is revealed within the title deeds. My lawyer says that he must check that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance legitimate?
Your solicitor 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 you.
What does my ID and proof of funds have anything to do with my conveyancing in Primrose Hill? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Primrose Hill conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing your correct address.
In accordance with Money Laundering Regulations, property lawyers are required to check not simply the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this will lead to your conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
My Conveyancer in Primrose Hill has never been on on the Yorkshire Building Society Conveyancing Panel. Can I still use my family solicitor even though they are not on the Yorkshire Building Society list of approved lawyers?
Your options are as follows:
- Complete the purchase with your preferred Primrose Hill lawyers but Yorkshire Building Society will need to retain a solicitor on their list of acceptable firms. This will inevitably rack up the total conveyancing fees and result in delays.
- Choose a new solicitor to act in the conveyancing, obviously checking they are Yorkshire Building Society approved.
- Try to convince your Yorkshire Building Society solicitor to try to join the Yorkshire Building Society panel
I used Stirling Law a few years ago for my conveyancing in Primrose Hill. I now require my papers however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Primrose Hill of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Primrose Hill is where the house is located. Is there any advice you can give?
Flying freeholds in Primrose Hill are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Primrose Hill you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Primrose Hill may decide 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.
Due to exchange soon on a leasehold property in Primrose Hill. Conveyancing lawyers assured me that they are sending me a report tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Primrose Hill should include some of the following:
Additions to the property if lease has a provision for a slush fund? What remedies are open the freeholder should you have contravened the provisions of the lease? An explanation concerning the obligations in the lease to pay service charges - in respect of the block, and the more general rights a lessee has You should have a good understanding of the building insurance obligations
Following years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Primrose Hill. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We can put you in touch with a Primrose Hill conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Primrose Hill flat is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case affected 1 flat. The unexpired term was 64.77 years.