My Brighstone conveyancer has spotted a discrepancy between the surveyor’s assumptions in the home valuation report and what is in the conveyancing documents. My solicitor informs me that he is duty bound to check that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s stance legitimate?
Your lawyer must comply with the UK Finance Lenders’ Handbook requirements 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.
We hope to to purchase with Melton Mowbray Building Society. We have called around locally yet cant to find a Brighstone conveyancing firm on the Melton Mowbray Building Society approved list. Can you assist?
Please do take advantage of the find a lender approved solicitor tool on this page. Pick the building society and type Brighstone or your preferred area and you will be presented with a number of lawyer offices in Brighstone or by proximity to you.
I have been on the look out for a flat up to £245,000 and found one near me in Brighstone I like with open areas and station in the vicinity, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Brighstone for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
I was advised by a few selling agents in Brighstone to locate a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to recommend your site over another?
We don’t make any commission for sending work in our direction. We thought it would be too underhand a fee because members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am a couple of weeks into a freehold purchase having been referred to conveyancers by the estate agent to handle our conveyancing in Brighstone. I am am very disappointed with the level of service. Could you you assist me in finding new conveyancers?
They would have to be very bad to suggest diss instructing them. Has the loan offer been issued? If so you need to advise them of the new conveyancer and ensure the mortgage documents are re-issued. Your solicitor ideally needs to be on the banks panel to avoid added expenses and frustration. That should be your starting point. The search tool will assist you in finding a bank approved lawyer for your conveyancing in Brighstone