The Bitterne conveyancing firm handling our Bitterne conveyancing has discovered a discrepancy between the information in the home valuation survey and what is in the title deeds. My solicitor says that he needs to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action legitimate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook provisions 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 you.
Completed the sale of my flat in Bitterne last January yet the purchaser is e-mailing every few hours to say his solicitor needs to hear from mine. What are the post completion sale legalities following completion?
Following your sale your solicitor should deliver the transfer documentation and all additional paperwork to the buyer’s lawyers. If applicable, your solicitor should also evidence that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There are no post completion steps specific conveyancing in Bitterne.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Coventry BS Conveyancing panel ahead of completing my conveyancing in Bitterne?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I am looking for a ground for flat up to £195,000 and identified one round the corner in Bitterne I like with amenity areas and railway links in the vicinity, however it only has 52 years unexpired on the lease. I can't really find anything else in Bitterne in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage that many years will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
What makes your site different to other online quote calculators for conveyancing in Bitterne?
At this site receive a fixed fee quote via a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Bitterne. Unlike many estate agents and many comparison sites we do not have kick-back deals with solicitors. Some agents and online brokers 'recommend' the firm who pay the most kickback, not the best value conveyancing in Bitterne