My Willerby solicitor has spotted a discrepancy when comparing the information in the home valuation survey and what is in the legal papers for the property. My lawyer informs me that he is duty bound to check that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s stance legitimate?
Your solicitor must comply with the UK Finance Lenders’ Handbook specifications 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 you.
We see that you have a post code search directory identifying firms on the Virgin Money conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Willerby?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Willerby.
Should our conveyancer be making enquiries concerning flooding as part of the conveyancing in Willerby.
The risk of flooding is if increasing concern for solicitors carrying out conveyancing in Willerby. Some people will purchase a property in Willerby, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Lawyers are not best placed to offer advice on flood risk, however there are a number of searches that can be carried out by the purchaser or on a buyer’s behalf which can give them a better understanding of the risks in Willerby. The standard property information forms supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a usual inquiry of the seller to discover if the premises has suffered from flooding. If the premises has been flooded in past which is not disclosed by the vendor, then a purchaser could commence a legal claim for losses resulting from an misleading response. A buyer’s conveyancers may also carry out an environmental report. This will disclose if there is any known flood risk. If so, more detailed investigations should be carried out.
I bought my home on 5 March and the transaction details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Willerby advises it should be dealt with in a couple of weeks. Are properties in Willerby particularly slow to register?
There is nothing unique when it comes to conveyancing in Willerby registration formalities. As opposed to being determined by geographic area, timeframes can vary subject to the party submitting the application, whether it is in order and if the Land registry communicate with any 3rd parties. At present roughly 80% of such applications are fully dealt with within 12 days but some can be subject to longer delays. Registration takes place once the new owner has moved in to the premises therefore post completion formalities is not typically an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers could speak with the land registry and explain the circumstances.
In what way does the Landlord & Tenant Act 1954 impact my business property in Willerby and how can your lawyers assist?
The 1954 Act provides security of tenure to business tenants, giving them the a statutory right to make a request to court for a renewal lease and continue in occupation when the lease comes to an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Willerby is one of the hundreds of areas of the UK in which our lawyers have offices