The Tarporley conveyancing firm handling our Tarporley conveyancing has identified a discrepancy when comparing the information in the home valuation survey and what is in the conveyancing documents. My lawyer informs me that he is obliged to check that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance appropriate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions 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.
Having sold my house in Tarporley last January but the buyer keeps Skype messaging me to moan that her solicitor needs to hear from mysolicitor. What are the post completion sale formalities following completion?
Following your disposal your conveyancer is duty bound to deliver the transfer deeds and all additional paperwork to the purchaser's conveyancer. Where appropriate, your solicitor must also send confirmation that the mortgage has been paid off to the purchasers conveyancers. There is unlikely to be post completion formalities just for conveyancing in Tarporley.
My wife and I have a terraced Victorian house in Tarporley. Conveyancing solicitor acted for me and TSB. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold under the matching property. I thought I was buying a freehold how can I check?
You should assess 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tarporley and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing practitioner who carried out the work.
How does conveyancing in Tarporley differ for newly converted properties?
Most buyers of new build residence in Tarporley approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is finished. This is because house builders in Tarporley typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Tarporley or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Tarporley prior to retaining lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies tend not issue a mortgage on such a property.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Tarporley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tarporley to see if the conveyancing will be more expensive.