My Thurrock conveyancer has uncovered an inconsistency between the surveyor’s assumptions in the valuation survey and what is in the conveyancing documents. My solicitor informs me that he is obliged to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s course or action legitimate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions 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.
At what point does exchange of contracts happen for domestic conveyancing in Thurrock and am I required to be at the solicitors office?
If you are near to our conveyancing solicitors in Thurrock you are invited in to sign the paperwork. However, the lender approved solicitors we work with supply countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when communicating with you digitally. The signing of the contract is not the point of no return. Signing on the dotted line is necessary for the firm to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Thurrock)to be in the office at the appropriate time.
What can a local search inform me regarding the house my wife and I buying in Thurrock?
Thurrock conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for example Onsearch The local search is essential in every Thurrock conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search should supply data on, amongst other things, details on planning applications relevant to the premises (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.
Are there restrictive covenants that are commonly picked up during conveyancing in Thurrock?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Thurrock. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build house in Thurrock with the aid of help to buy. The sellers would not move on the amount so I negotiated 6k of additionals instead. The sale representative suggested that I not to tell my conveyancer about the extras as it may put at risk my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
We are in the process of buying a house in Thurrock. Could our solicitor keep our purchase price confidential from the likes of Zoopla. Is this achievable and how?
The Land Registry as a matter of law obliged to disclose price sold data on a register of the title for domestic properties nationwide including properties in Thurrock. The Title Register is an open document, so the Land Registry would be breaking the law if they did not allow access to the register.
You can make a request of the Land Registry to withhold the amount paid data yet the response would be a No.