Our Colindale conveyancer has discovered a discrepancy when comparing the information in the home valuation report and what is in the conveyancing documents. My solicitor says that he needs to ensure that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s stance right?
Your property 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.
It is 10 years ago since I acquired my house in Colindale. Conveyancing solicitors have just been appointed on the sale but I am unable to locate my title deeds. Will this jeopardise the sale?
You need not be too concerned. First there is a chance that the deeds will be with the mortgage company or they could be in the possession of the lawyers who handled your purchase. Secondly in all probability the land will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining up to date copy of the land registers. Nearly all conveyancing in Colindale involves registered property but in the unlikely event that your home is unregistered it adds to the complexity but is not insurmountable.
My wife and I have recently appointed a conveyancing solicitor in Colindale. I need to find out whether they are on the Barclays Direct approved list of lawyers. Can you help?
The first thing you should do is e-mail your conveyancer and enquire if they are on the lender panel. Otherwise please call Barclays Direct who may be able to confirm.
I'm purchasing my first flat in Colindale benefiting from help to buy. The sellers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not to tell my conveyancer about the extras as it may adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My aunt purchased her house in Colindale eight years past. She has since got married, widowed and is now married again. She now wants to dispose of the Colindale property. I suspect that she will just be requested to supply copies of her marriage papers to the conveyancing practitioner but she is anxious it could hold up the conveyancing. Is it worth updating the title documents for the property?
The is no need to update the register providing you have the proof required to show how the name change has come about.
Any purchaser’s conveyancer should check the title information and request evidence to prove the name change for example marriage certificates.