The Heaton and Jesmond conveyancing firm handling our Heaton and Jesmond conveyancing has discovered an inconsistency when comparing the surveyor’s assumptions in the valuation report and what is in the conveyancing documents. My solicitor informs me that he is duty bound to ensure that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s course or action right?
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 you.
At what point does exchange of contracts occur in residential conveyancing in Heaton and Jesmond and am I required to be at the conveyancers branch?
If you are local to one of the conveyancing solicitors in Heaton and Jesmond you are welcome to come in to sign the paperwork. That being said, the law practices we work with provide a countrywide conveyancing service and provide just as diligent and professional a job for you when dealing with you by post or email. The signing of the property agreement is not the critical part. Signing on the dotted line is necessary for the solicitor to exchange contracts at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Heaton and Jesmond)to be in the office available at the end of the phone to exchange contracts.
What does a local search inform me concerning the property I am purchasing in Heaton and Jesmond?
Heaton and Jesmond conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company for instance Searches UK The local search plays an important part in most Heaton and Jesmond conveyancing purchase; as long as you don’t want any nasty once you have moved into your new home. The search should supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
I have a renovated Edwardian property in Heaton and Jesmond. Conveyancing lawyer acted for me and Leeds Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Heaton and Jesmond and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing practitioner who conducted the purchase.
Due to the guidance of my in-laws I had a survey completed on a house in Heaton and Jesmond prior to instructing solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies may refuse to grant a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Heaton and Jesmond. Conveyancing will be smoother if you use a solicitor in Heaton and Jesmond especially if they are accustomed to such properties in Heaton and Jesmond.