My Beacon Hill solicitor has spotted an inconsistency between the surveyor’s assumptions in the valuation survey and what is in the conveyancing documents. My lawyer informs me that he is obliged to ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action right?
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.
Just acquired a detached house in Beacon Hill , how long will it take for the Land Registry to register the transfer to my name? My Beacon Hill conveyancing solicitor works at snail pace, so I want to check that my name is recorded.
There is nothing unique when it comes to conveyancing in Beacon Hill registration formalities. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether there are errors and if the Land registry must send notices to any interested persons or bodies. At present in the region of 80% of submission are fully addressed in less than three weeks but some can be subject to protracted delays. Registration is effected after the new owner has moved in to the premises thus 'speed' is not typically top priority but where there is a degree of urgency associated with the registration then you or your lawyers can communicate with the Registry to express the reasoning for an expedited registration.
Due to the advice of my in-laws I had a survey completed on a property in Beacon Hill prior to appointing conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies will refuse to grant a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Beacon Hill. Conveyancing will be smoother if you use a solicitor in Beacon Hill especially if they are accustomed to such properties in Beacon Hill.
I need to instruct a conveyancing solicitor for my conveyancing in Beacon Hill. I happened to chance upon a web site which seems to have the perfect answer If it is possible to get all the legals done via email that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have been informed by many family members that it can take up to two months for Beacon Hill conveyancing to complete.This was four weeks ago. The draft contract was only forwarded to my conveyancer yesterday so does the clock start running now?
You need to be realistic concerning timing. Property transactions in Beacon Hill takes on average about ten weeks. This timeframe is not because solicitor are slow and deliberately delay matters. The amount of money involved in purchasing any residence is so high, the purchaser's conveyancer having to raise a wide range of questions, searches and other checks to protect the buyer and their lender (if there is to be a home loan) from expensive, avoidable problems. Conveyancing in Beacon Hill involves obtaining information from various different parties, for example other conveyancer, local councils, private companies, lenders. Many of these are efficient. Others are not. And remember, no matter how quickly your lawyer do their job, if the people you are buying from or are selling to aren't ready, nothing can move forward until they are.