The Wheathampstead conveyancing firm handling our Wheathampstead conveyancing has discovered a discrepancy when comparing the information in the valuation survey and what is revealed within the title deeds. My solicitor says that he must ensure that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s approach appropriate?
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 both parties.
A relative advised me that where I am purchasing in Wheathampstead I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Wheathampstead conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Wheathampstead around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data concerning Wheathampstead.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The conveyancers who conducted the conveyancing in Wheathampstead 5 years ago have long since closed. What do I do?
In today’s world there are duplicates made of almost everything, and your conveyancer will be aware precisely where to locate all the relevant documentation so you can buy or dispose of your property without a hitch. Where copies can’t be found, your solicitor may be able to arrange cover in the form of insurance or indemnities against possible claims on your property.
I am buying my first flat in Wheathampstead with a mortgage from Virgin Money. The builders refused to reduce the amount so I negotiated £7000 of additionals instead. The house builders rep told me not inform my solicitor about the extras as it may impact my mortgage with Virgin Money. Is this normal?.
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.
I opted to have a survey completed on a house in Wheathampstead before instructing conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some lenders tend refuse to grant a loan on such a premises.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you contact us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wheathampstead. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wheathampstead to see if the conveyancing costs will increase in light of this.
Taking into account that I will soon spend over three hundred thousand on a garden flat in Wheathampstead I would like to have a conversation with the solicitor concerning thetransaction in advance of instructing the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you speaking to the conveyancer due to be carrying out your property ownership legalities in Wheathampstead.There is no ‘factory style conveyancing’ - every client is unique individual, not a file number. The solicitors that we put you in touch with believe that the figure you are provided with for residential conveyancing in Wheathampstead should be the amount on the final invoice that you are charged.