The Ashington conveyancing firm handling our Ashington conveyancing has discovered a difference between the assumptions in the valuation survey and what is in the title deeds. My solicitor says that he is obliged to check that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s course or action 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 you.
My wife and I own a 4 bedroom Edwardian property in Ashington. Conveyancing practitioner represented me and Barclays Direct. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ashington and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing lawyer who conducted the conveyancing.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Ashington is the location of the property. Can you offer any advice?
Flying freeholds in Ashington are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ashington you would need to get your solicitor to go 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 Ashington may decide 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.
How do I use the search facility to choose a conveyancing practitioner in Ashington on the panel for my mortgage?
1st choose a mortgage company such as Halifax, Leeds Building Society or Bank of Ireland then specify your location e.g. Ashington. Conveyancing organisations in Ashington and across England and Wales will then be shown.
Should I use a Ashington conveyancing practitioner in close proximity to the house I am buying? An old friend can conduct the legal formalities however they are based over three hundred kilometers away.
The benefit of a local Ashington conveyancing firm is that you can drop in to sign documents, hand in your ID and apply pressure on them if necessary. They will also have local insight which is a benefit. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were content that should surpass using an unknown Ashington conveyancing lawyer just because they are round the corner.