We wanted to use a conveyancing solicitor in Llanidloes for our house purchase. Our financial adviser informed us that our bank Aldermore won't deal with them. Surely this is unfair competition?
Mortgage Companies normally restrict either the type or the volume of conveyancing practices on their member panel. Typical examples of such restriction(s) being that a law practice must not be a sole practitioner. As well as restricting the profile of firm, a few banks have reduced the number of firms they allow to act for them. You should note that Aldermore have no responsibility for the quality of advice provided by any member of Aldermore Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of solicitor panels since 2008 even though there remains differing opinions about the extent of solicitor involvement in some of that fraud. Data from the Land Registry indicate that plenty of law firms, including some in or near Llanidloes only perform a couple conveyances a year.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need this when purchasing a residence in Llanidloes? or I am told that there is an ancient law that could mean that homeowners living in a parish church boundary will be compelled to contribute towards repairs towards the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Llanidloes?
Unless a previous acquisition of the property took place post 12 October 2013 you can take it that lawyers delivering conveyancing in Llanidloes to remain encouraging a chancel search and or chancel repair liability insurance.
It has been 2 months since my purchase conveyancing in Llanidloes completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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 residence 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 opted to have a survey completed on a property in Llanidloes before retaining solicitors. I have been told that there is a flying freehold element to the property. Our surveyor advised that some lenders will refuse to issue a mortgage on a flying freehold house.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you e-mail us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Llanidloes. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Llanidloes to see if the conveyancing costs will increase in light of this.
My father-in-law has recommend that I instruct his lawyers for conveyancing in Llanidloes. Should I use them?
Much as we are happy to recommend a Llanidloes conveyancing lawyer it’s preferable to choose a conveyancing lawyer is to seek guidance from friends or relatives who have previously instructed the solicitor that you are considering.