Our Wickersley conveyancer has uncovered a discrepancy between the surveyor’s assumptions in the valuation report and what is in the conveyancing documents. My solicitor has advised that he is obliged to ensure that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s course or action appropriate?
Your solicitor 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.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Wickersley. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 1/5/2024, the requirements read as follows :
I am helping my niece sell her property in Wickersley. Will the solicitor arrange an EPC or it is for the owner to see to?
Following the abolition of Home Information Packs, EPC’s was maintained a mandatory part of selling a property. An energy performance certificate should be commissioned before the property is marketed. It is not something that solicitors normally organise. Where you are instructing a Wickersley conveyancing solicitor they might help arrange EPC’s given their contacts with reputable Wickersley energy assessors
I am aiming to move house in July. Will my conveyancing solicitor liaise with the removal company on the completion day. Incidentally, can you suggest a removal company in Wickersley. Conveyancing firm was chosen prior to coming across your site.
On the afternoon of completion you can pick up the house keys from your estate agent however this can only take place once the previous owners conveyancers advise the agent that they acknowledge receipt of the completion payment and the keys can be released. You can advise the removal men that you are ready to move in. We do not recommend a specific removal company but can assist you in locating a residential property solicitor in Wickersley or a lawyer that specialises in conveyancing in Wickersley.
I have today made my last payment due on my mortgage with UBS. I assume I don't need a Wickersley property lawyer on the UBS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
I am buying my first flat in Wickersley with a mortgage from Skipton Building Society. The sellers would not reduce the price so I negotiated £7000 of extras instead. The sale representative advised me not to tell my solicitor about the deal as it may impact my loan with the bank. Do I keep my lawyer in the dark?.
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.
My father-in-law has suggested that I instruct his conveyancers in Wickersley. Do I take his guidance?
No doubt the best way to select a conveyancing solicitor is to get referrals from friends or relatives who have actually experience in using the solicitor you're contemplating using.