The Campden Hill conveyancing firm handling our Campden Hill conveyancing has discovered a discrepancy when comparing the assumptions in the valuation report and what is revealed within the title deeds. My solicitor has advised that he must check that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action correct?
Your lawyer must comply with the UK Finance Lenders’ Handbook provisions 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.
four months have gone by since my purchase conveyancing in Campden Hill concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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 premises 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Campden Hill ahead of appointing lawyers. I have been informed that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend refuse to grant a loan on this type of premises.
It varies from the lender to lender. Lloyds has different requirements from Halifax. If you call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Campden Hill. Conveyancing will be smoother if you use a solicitor in Campden Hill especially if they are familiar with such properties in Campden Hill.
I'm converting the mortgage on my current house to a buy to let loan with TSB and intend to use the remaining equity as a deposit on a second property. The neighborhood we are looking at is Campden Hill. Will your lawyers be able to act for the two banks and tie in the conveyances?
Do use our search tool on this page to ensure that the solicitors are on the relevant lender panels. Having checked that they are your conveyancer should be able to tie up the two conveyancing matters but you should talk with you conveyancer and make apparent your desired outcome and needs.
My husband and I are novice buyers - agreed a price, but the agent has warned us that the seller will only issue a contract if we instruct the agent's recommended conveyancers as they need a ‘quick sale’. We would rather use a high street solicitor who is familiar with conveyancing in Campden Hill
We suspect that the owner is not behind this requirement. If they require ‘a quick sale', alienating a serious purchaser is counter productive. Try to communicate with the vendors directly and make the point that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you are going to appoint your preferred Campden Hill conveyancing lawyers - as opposed tothe ones that will earn their negotiator at the agency a introducer fee or hit his conveyancing figures set by corporate headquarters.