My Yiewsley lawyer has spotted an inconsistency when comparing the surveyor’s assumptions in the home valuation survey and what is in the conveyancing documents. My lawyer informs me that he is obliged to ensure that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s approach 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 you.
What does my ID and proof of funds have anything to do with my conveyancing in Yiewsley? What am I being asked for?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Yiewsley. However these days you will not be able to proceed with any conveyancing process without first providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a council tax bill. Please note that if you are providing your driving licence as proof of identification it needs to be both the paper element as well as the photo card part, one is not sufficient in the absence of the other.
Evidence of the origin of money is required in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancer will need to retain this information on file. Your Yiewsley conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask further queries concerning the source of monies.
We are buying a house and the lawyer has mentioned Chancel Repair to which the house could be liable as it falls into the area of such a church. She has recommended insurance. Is this strictly warranted for conveyancing in Yiewsley
Unless a previous acquisition of the property took place after 12 October 2013 you could take it that lawyers carrying out conveyancing in Yiewsley to continue to recommend a chancel search and or chancel repair liability policy.
Are there restrictive covenants that are commonly identified during conveyancing in Yiewsley?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Yiewsley. 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…’
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Yiewsley is the location of the property. Can you offer any guidance?
Flying freeholds in Yiewsley are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Yiewsley you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Yiewsley may ascertain 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.
I have been recommended a conveyancing solicitor in Yiewsley. I I would like to check if they are on the bank's approved list of lawyers. Can you or the lender confirm if they are on the panel?
It’s a good idea call the solicitor to enquire if they are on the bank's approved list. If that does not help get in touch with us and we can investigate and revert. Should the firm not be on the lender panel we can certainly arrange a specialist conveyancing solicitor in Yiewsley on the approved list for your lender.