I was notified today by my IFA that my Bampton the law firm I have appointed is not on the bank Solicitor panel. How can I be sure that this is correct?
Your first step should be to contact your Bampton lawyer directly. You lawyer should notify you of the situation. Where they are not on the panel they may be able to suggest a Bampton conveyancing firm that is on the approved list of lawyers for your bank.
My husband and I are acquiring a new build duplex in Bampton and my solicitor is informing me that she has to the mortgage company to disclose incentives from the developer. The Estate Agents are hassling me to exchange contracts and I have no desire to delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Bampton so that I can attend their offices if required.
These days approved lawyers for banks carry out the vast majority of communications through Royal Mail, e-mail or over phone calls. This enables them to carry out the legal work for your home move no matter where you live in the country. However you should see if you can still book an appointment to visit conveyancing lawyer if you prefer.
It has been 4 months since my purchase conveyancing in Bampton completed. I have checked the Land Registry site 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 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.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a simple, chain free conveyancing. Bampton is the location of the property. Is there any advice you can impart?
Flying freeholds in Bampton 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 Bampton you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bampton may decide 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.