Much to our surprise we have been informed by our mortgage adviser that my Marple property lawyer is not on the lender Conveyancing panel. How can I be certain whether this is indeed the case?
The sensible course of action for you to take is to contact your Marple lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a Marple conveyancing practice that is on the conveyancing panel for your lender.
Are the Marple conveyancing solicitors identified as being on the Barclays conveyancing panel, together with their details provided by Barclays?
Marple conveyancing firms themselves provide us confirmation that they are on the Barclays conveyancing panel as opposed to being supplied with a list from Barclays directly.
I am considering applying for a Bank of Ireland mortgage for purchase of a new build (under development) in Marple with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Bank of Ireland ?
There is nothing to stop you using your solicitor, but Bank of Ireland will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
2 months have elapsed since my purchase conveyancing in Marple concluded. I have checked the Land Registry website which shows that I paid £150,000 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 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 have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Marple is the location of the property. Is there any guidance you can impart?
Flying freeholds in Marple are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Marple you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Marple 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.