Willusing a Trentham conveyancing firm make the ownership transfer easier?
On the whole conveyancing practitioners in your area will benefit from strong alliances with your local authority, which can help with your Trentham conveyancing searches that your conveyancer will require on your transaction. It can only help if they have good relationships with the Local Land Registry Office your area Trentham, other lawyers in the area and Trentham Estate Agents.
My husband and I are approaching an exchange on a property in Trentham and my mum and dad have transferred the exchange deposit to my lawyer. I am now advised that as the deposit has not come from me my conveyancer needs to make a notification to my mortgage company. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the lender regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The property lawyer is duty bound to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We see that you have a post code search directory listing law firms on the Kent Reliance conveyancing panel. Do companies pay you a commission if I appoint them for our own conveyancing in Trentham?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Trentham.
It has been four months since my purchase conveyancing in Trentham concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. 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 asset 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.
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 simple, no chain conveyancing. Trentham is where the house is located. Is there any guidance you can impart?
Flying freeholds in Trentham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Trentham you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Trentham may determine 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.