It has been five months since my purchase conveyancing in Hull North completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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 residence 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 am purchasing a new build house in Hull North benefiting from help to buy. The builders would not budge the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not inform my lawyer about the deal as it could adversely affect my mortgage with the lender. Should I keep quiet?.
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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a simple, chain free conveyancing. Hull North is where the house is located. Can you offer any opinion?
Flying freeholds in Hull North are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hull North 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 Hull North 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.
Is it possible to change conveyancer as I need to appoint one who is on the TSB conveyancing list. I had appointed a local conveyancing solicitor in Hull North five minutes from me but the firm is not approved by TSB
We will our best to assist in finding you a conveyancing solicitor in Hull North on the TSB panel. Please note that the law firms that we list do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Hull North. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Hull North.
Should I go with a Hull North conveyancing solicitor in close proximity to the house I am buying? I have an old university friend who can deal with the conveyancing however his firm is located approximately 350miles drive away.
The benefit of a local Hull North conveyancing firm is that you can visit the firm to sign paperwork, deliver your ID and pester them where appropriate. Having local Hull North know how is a plus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and they were happy that must surpass using an unfamiliar Hull North conveyancing solicitor just because they are Hull North based.