The Daventry conveyancing firm handling our Daventry conveyancing has spotted a discrepancy between the surveyor’s assumptions in the valuation report and what is in the legal papers for the property. My lawyer has advised that he must ensure that the lender is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance appropriate?

Your solicitor must comply with the UK Finance Lenders’ Handbook requirements 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.

In what way does my ID and proof of funds have anything to do with my conveyancing in Daventry? What am I being asked for?

It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Daventry. However these days you can not proceed with any conveyancing transaction if you have not handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a bank statement. Remember if you are providing your driving licence as proof of ID it needs to be both the paper element and photo card part, one is not sufficient in the absence of the other.

Proof of your source of funds is necessary under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer will need to have this information on file. Your Daventry conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they will also ask additional queries concerning the source of monies.

We are downsizing from our house in Daventry and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A high street Daventry conveyancer would know that there is no such problem. For the life of me I don't know why the buyers are using an internet conveyancing practice as opposed to a conveyancing solicitor in Daventry. We have lived in Daventry for many years we know of no issue. Do we get in touch with our local Authority to seek confirmation need.

It would appear that you have a conveyancing lawyer already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)

I'm purchasing a new build house in Daventry with a mortgage from Platform Home Loans Ltd. The builders refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not inform my lawyer about this extras as it would adversely affect my loan with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Daventry is where the house is located. Is there any advice you can give?

Flying freeholds in Daventry 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 Daventry you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Daventry 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 property.