My Cottingham solicitor has spotted a difference between the assumptions in the home valuation report and what is in the title deeds. My lawyer informs me that he must ensure that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s stance right?
Your property lawyer must comply with the UK Finance Lenders’ Handbook requirements 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.
I have todaydiscovered that Wolstenholmes have been shut down. They conducted my conveyancing in Cottingham for a purchase of a leasehold flat 18 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The easiest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Cottingham conveyancing specialists.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a simple, no chain conveyancing. Cottingham is the location of the property. Is there any advice you can impart?
Flying freeholds in Cottingham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cottingham you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cottingham 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.
Should I be concerned that estate agents that I am dealing with are recommending an online conveyancing firm rather than a local Cottingham conveyancing company?
As with lots of professional services, often referrals from family and friends can be most helpful. Nevertheless there are many people with a keen interest in a conveyancing deal; estate agents, mortgage brokers and banks may put forward solicitors to choose. Sometimes the lawyers might be known to one of the organisations as being good in their field, but sometimes there may be a commercial relationship behind the endorsement. You have the discretion to select your own lawyer. You need to be aware that many banks operate an approved list of law firms you have to use for the mortgage related work in your transaction.
Am I best advised to choose a Cottingham conveyancing practitioner based in the area that I am hoping to buy? I have an old university friend who can handle the legal work however his firm is located over three hundred kilometers drive away.
The primary upside of using a local Cottingham conveyancing firm is that you can drop in to sign documents, present your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and they were impressed that must outweigh using an unknown Cottingham conveyancing solicitor just because they are Cottingham based.