I had intended to instruct a property lawyer in Altrincham for our house purchase. Our financial adviser informed us that our mortgage lenders Clydesdale won't deal with them. Surely this is unduly restrictive?
A decade ago most banks had a different appetite for risk. Almost all Altrincham conveyancing firms would have been on most mortgage company panels. The Financial Services Authority in 2010 completed a thematic review into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders are increasingly seeing more data from law firms concerning their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum number of transactions. Many Altrincham conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Altrincham is amongst the numerous locations where the lawyers showing on our search results are members of the panel for Clydesdale.
I require fast conveyancing in Altrincham as I am under pressure to sign on the dotted line in less than one month. A home loan is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are not obtaining a mortgage you are at free not to have searches carried out although no law firm would advise that you don't. With lots of history conveyancing in Altrincham the following are examples of issues that can be revealed and therefore affect market value: Enforcement Actions, Outstanding Charges, Outstanding Grants, Railway Schemes,...
3 months have elapsed since my purchase conveyancing in Altrincham completed. I have checked the Land Registry website which shows that I paid £175,000 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 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.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Altrincham is the location of the property. Is there any advice you can impart?
Flying freeholds in Altrincham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Altrincham you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Altrincham 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.
Why is New Build conveyancing in Altrincham more expensive?
Conveyancing in Altrincham for newly converted or new build premises often involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as supplemental questions and contractual concerns.