My Spondon lawyer has spotted a difference when comparing the information in the valuation survey and what is revealed within the conveyancing documents. My solicitor has advised that he is duty bound to check that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s stance legitimate?
Your lawyer must comply with the UK Finance Lenders’ Handbook provisions 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 both parties.
Just bought a detached house in Spondon , What is the estimated time for the Land Registry to record the transfer to my name? My Spondon conveyancing solicitor works at snail pace, so I want to be sure that my ownership is recorded.
There is nothing unique about conveyancing in Spondon registration formalities. Rather than based on location, timescales can differ depending on the party submitting the application, whether there are errors and if the Land registry have to notify any third parties. At present in the region of three quarters of such applications are fully addressed in less than three weeks but some can be subject to longer hold-ups. Historically registration takes place once the purchaser has moved in to the property so 'speed' is not always primary concern yet if there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a straight forward, chain free conveyancing. Spondon is where the house is located. Can you shed any light on this issue?
Flying freeholds in Spondon 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 Spondon you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Spondon may ascertain 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 am looking into buying my first house which is in Spondon and I am already nervous. I couldn't find anything specific about Spondon. Conveyancing will be needed in due course but do you know about the Spondon area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Spondon. In the meantime here are some basic statistics that we found
In searching the world wide web for the term on line conveyancing in Spondon it brings up many solicitorslocally. With so much choice what is the best way to find the suitable solicitor for my move?
The ideal way of seeking the right conveyancer is via trusted recommendation, so ask friends and relatives who have bought a property in Spondon or the respected estate agent or mortgage broker. Costs for conveyancing in Spondon vary, so it's advisable to secure at least three quotes from different companies. Make sure that you clarify that the fees are fixed.