The Canton conveyancing firm handling our Canton conveyancing has discovered a discrepancy when comparing the information in the home valuation survey and what is revealed within the legal papers for the property. My solicitor informs me that he must ensure that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s course or action appropriate?
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.
When it comes to mortgage companies such as Co-operative, do Canton conveyancing practitioners have to pay an annual charge to be on the list of approved solicitors?
We are unaware of any bank fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Intending to buy a house in Canton. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Canton property lawyer is on the Yorkshire BS conveyancing panel.
Having read lots of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Canton solicitor - who is on the Aldermore conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Aldermore will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Canton postcode. As you are getting a mortgage with Aldermore, you could contact them to see if they have a list of approved surveyors in Canton.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a simple, no chain conveyancing. Canton is where the house is located. Can you offer any advice?
Flying freeholds in Canton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Canton you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Canton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am looking into buying my first house which is in Canton and I am already nervous. I couldn't find anything specific about Canton. Conveyancing will be needed in due course but do you know about the Canton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Canton. In the meantime here are some basic statistics that we found
My cousin has suggested that I appoint his conveyancing solicitors in Canton. Do I take his advice?
No doubt the ideal way to choose a conveyancing solicitor is to get referrals from friends or relatives who have experience in using the solicitor that you are contemplating using.