The Rawcliffe conveyancing firm handling our Rawcliffe conveyancing has spotted a difference when comparing the assumptions in the valuation report and what is in the conveyancing documents. My solicitor informs me that he is duty bound to check that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s approach right?
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 both parties.
Are the Rawcliffe conveyancing solicitors identified as being on the Yorkshire BS conveyancing panel, together with their details provided by Yorkshire BS?
Rawcliffe conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
What will a local search inform me about the property I am purchasing in Rawcliffe?
Rawcliffe conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for example Searchflow The local search plays a central role in many a Rawcliffe conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
It has been three months since my purchase conveyancing in Rawcliffe completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Rawcliffe differ for newly converted properties?
Most buyers of new build property in Rawcliffe approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Rawcliffe usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Rawcliffe or who has acted in the same development.
I opted to have a survey done on a house in Rawcliffe in advance of retaining solicitors. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some banks tend not give a mortgage on such a premises.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. If you contact us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Rawcliffe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Rawcliffe to see if the conveyancing costs will increase in light of this.