The Banstead conveyancing firm handling our Banstead conveyancing has uncovered a difference between the surveyor’s assumptions in the valuation survey and what is revealed within the conveyancing documents. My lawyer has advised that he needs to check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s course or action legitimate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications 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.
What is the first thing I need to know about purchase conveyancing in Banstead?
Not many law firms shout this from the rooftops but conveyancing in Banstead or throughout Surrey is an adversarial experience. In other words, when it comes to conveyancing there exists an abundance of room for confrontation between you and others involved in the legal transfer of property. E.g., the seller, property agent and sometimes your mortgage company. Selecting a law firm for your conveyancing in Banstead an important selection as your conveyancer is your adviser, and is the ONLY person in the legal process whose role it is to protect your legal interests and to keep you safe.
There is a definite ongoing adversarial element to conveyancing- someone has to be at fault for the process taking so long. You should always trust your conveyancer ahead of all other players when it comes to the legal assignment of property.
My relative recommended that if I am purchasing in Banstead I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Banstead conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Banstead around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Banstead.
I opted to have a survey completed on a house in Banstead prior to instructing solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some lenders may refuse to grant a mortgage on this type of property.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. If you contact us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Banstead. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Banstead to see if the conveyancing will be more expensive.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Banstead. I have stumble across a site which seems to have the ideal answer If it is possible to get all formalities done via phone that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?