The Tottenham conveyancing firm handling our Tottenham conveyancing has uncovered an inconsistency between the surveyor’s assumptions in the home valuation survey and what is revealed within the title deeds. My lawyer says that he is obliged to check that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s approach appropriate?
Your lawyer must comply with the UK Finance Lenders’ Handbook conditions 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.
We wanted to use a conveyancing solicitor in Tottenham for our house move. Our broker has since advised us that our mortgage lenders HSBC Bank won't deal with them. Why is this not regarded as unfair competition?
Mortgage Companies tend to restrict either the type or the volume of conveyancing solicitors on their panel. A common example of such restriction(s) being that a law practice must not be a sole practitioner. In addition to restricting the type of firm, some have decided to limit the amount of solicitor practices they allow to represent them. You should note that HSBC Bank have no responsibility for the quality of advice provided by any member of HSBC Bank Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels since 2008 even though there are differing views about the extent of solicitor involvement in some of that fraud. Data from the Land Registry reveal that thousands of law firms, including some in or near Tottenham only conduct a couple conveyances per annum.
We are downsizing from our home in Tottenham and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Tottenham conveyancer would know this is not the case. For the life of me I don't know why the purchasers are using a factory type conveyancing outfit rather than a conveyancing solicitor in Tottenham. We have lived in Tottenham for three years we know that this is a non issue. Do we contact our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You need to enquire of 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 illness)
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what should have been a simple, no chain conveyancing. Tottenham is the location of the property. Can you shed any light on this issue?
Flying freeholds in Tottenham 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 Tottenham you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tottenham may ascertain 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 residence.
I am looking to sell my property. My previous solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Tottenham if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Tottenham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.