My Pyle solicitor has discovered a discrepancy between the assumptions in the home valuation report and what is revealed within the conveyancing documents. My solicitor informs me that he needs to check that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s course or action legitimate?
Your conveyancer 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 both parties.
What is your number one tip for finding a conveyancing solicitor in Pyle
We would encourage you not to go for the lowest Pyle conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
We previously instructed conveyancers with offices in Pyle on the Co-operative solicitor approved list. They are now charging me a further amount for the legal aspects of the Co-operative mortgage. Is this a supplemental conveyancing fee specified by Co-operative?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your solicitor can charge a fee for this. The charge is not dictated by Co-operative but by your Pyle conveyancer. Plenty of firms on the Co-operative panel will charge ’dealing with mortgage’ fee and others do not.
Having read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Pyle solicitor - who is on the Leeds Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Leeds Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Leeds Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Pyle surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
It has been five months following my purchase conveyancing in Pyle took place. I have checked the Land Registry website which shows that I paid £200,000 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.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one close by in Pyle I like with open areas and railway links nearby, however it's only got 49 years unexpired on the lease. There is not much else in Pyle suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage that many years will be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I am looking to sell my house. My previous solicitors closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Pyle if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Pyle. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.