Our lender has suggested a law firm on their panel based in Ludlow but I would rather choose a conveyancing lawyer in Ludlow local to me. Are you able to help?
It is by no means the case that all Ludlow conveyancing practitioners are approved and listed on all banks conveyancing panel. Please make use of the above search tool to find a Ludlow conveyancing solicitor on the on the lender panel.
It has been five months following my purchase conveyancing in Ludlow concluded. I have checked the Land Registry site 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 property 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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Ludlow is where the house is located. Can you shed any light on this issue?
Flying freeholds in Ludlow are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ludlow you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ludlow 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.
We are four weeks into a residential purchase having been directed to solicitors by the estate agent to carry out the conveyancing in Ludlow. I am not happy. Can you you assist me in finding new conveyancers?
They would have to be really bad in order to consider replacing them. Has the mortgage offer been generated? If so you must advise them of the replacement conveyancer and get the offer are issued to the new lawyers. Your solicitor ideally needs to be on the mortgage company approved list to avoid escalating fees and complications. That should be your first question of the new conveyancers. Our find a solicitor tool should help you find a lender approved lawyer for your conveyancing in Ludlow
My lawyer in Ludlow is asking me for ID documents saying that this is part of his legal duty as a solicitor on the bank Solicitor panel. Is this right?
Anti-terror and anti-money-laundering rules require Ludlow conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the mortgage company also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the mortgage company's UK Finance Lenders’ Handbook requirements