I am not in a position to travel far from Godmanchester. I would like to know the reason why all Godmanchester conveyancing practitioners are not on all mortgage company panels?
Before the recession most mortgage companies displayed an attitude to risk which differs from the current day. The financial regulator in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing practitioners on your panel. Consequently, lenders have since looked to extract more data from law firms regarding their processes and the individuals employed by them and set certain criteria such as completing a minimum number of transactions. Hundreds of law practices have found themselves excluded from lender panels even though they had 100% healthy disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms were never going to satisfy the criteria of amount of transactions the mortgage companies required.
It has been four months since my purchase conveyancing in Godmanchester completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Godmanchester is where the house is located. Is there any advice you can give?
Flying freeholds in Godmanchester are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Godmanchester you must be sure that your lawyer goes 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 Godmanchester 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 property.
I have been advised by a number of selling agents in Godmanchester to choose a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to promote your site over alternative conveyancing organisations?
We don’t offer any commission for pointing buyers and sellers our way. We thought it would be too underhand to pay a commission as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
In searching the web for the phrase on line conveyancing in Godmanchester it shows results of many solicitorslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for the sale of my house?
The preferential method of choosing the right conveyancer is through a personal recommendation, so seek the guidance of friends and relatives who have purchased a property in Godmanchester or a local estate agent or financial adviser. Fees for conveyancing in Godmanchester differ, so it's advisable to request a minimum of four estimates from different solicitors. Be sure to seek confirmation that the charges are assured not to rise.