The Birmingham and the Black Country conveyancing firm handling our Birmingham and the Black Country conveyancing has identified a difference between the assumptions in the valuation survey and what is in the legal papers for the property. My lawyer says that he must ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s approach appropriate?
Your conveyancer 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.
I decided to have a survey completed on a house in Birmingham and the Black Country before retaining lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies may refuse to give a mortgage on such a house.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Birmingham and the Black Country. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Birmingham and the Black Country cover?
Commercial conveyancing in Birmingham and the Black Country incorporates a broad array of services, given by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Is it best to appoint a Birmingham and the Black Country conveyancing lawyer who is local to the property I am purchasing? I have an old university friend who can perform the legal formalities however his firm is located 400kilometers drive away.
The primary upside of using a local Birmingham and the Black Country conveyancing firm is that you can drop in to execute paperwork, hand in your identification documents and apply pressure on them where appropriate. Having local Birmingham and the Black Country 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 if people you trust used your friend and in the main were happy that must trump using an unknown Birmingham and the Black Country conveyancing solicitor solely due to them being based in the area.
My conveyancing in Birmingham and the Black Country is set to complete on Friday, however the owners I am buying off wants to move out the next day at afternoon. Can I accept such a plan?
It is not possible to complete on a Saturday due to the bank systems aren't operational.