The Dyserth conveyancing firm handling our Dyserth conveyancing has uncovered an inconsistency when comparing the assumptions in the home valuation report and what is in the title deeds. My lawyer informs me that he needs to ensure that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s course or action legitimate?
Your conveyancing practitioner 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 both parties.
We note that you have a search directory identifying firms on the Kent Reliance conveyancing panel. Do firms pay you a referral fee if I retain them for our conveyancing in Dyserth?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Dyserth.
2 months have gone by following my purchase conveyancing in Dyserth completed. I have checked the Land Registry website which shows that I paid £200,000 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 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 advice of my in-laws I had a survey completed on a property in Dyserth in advance of instructing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies tend not grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Dyserth. Conveyancing will be smoother if you use a solicitor in Dyserth especially if they are acquainted with such properties in Dyserth.
I have been pointed in your direction by a few selling agents in Dyserth to choose a property lawyer on your site. Is there a financial incentive for Estate Agents to recommend your lawyers rather than another?
We don’t offer any commission for pointing buyers and sellers in our direction. We found it would be just too difficult to pay a commission as a client could think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.