The Cubitt Town conveyancing firm handling our Cubitt Town conveyancing has discovered a difference when comparing the assumptions in the valuation survey and what is in the title deeds. My lawyer informs me that he must ensure that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s stance right?
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.
I have been told that property searches are the main cause of delay in Cubitt Town conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Cubitt Town.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Cubitt Town?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Cubitt Town. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey done on a property in Cubitt Town before retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies may refuse to give a loan on this type of home.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. Should you wish to telephone us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Cubitt Town. Conveyancing may be slightly more expensive based on your lender's requirements.
I am selling my home. My previous lawyers closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Cubitt Town if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Cubitt Town. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.