Willinstructing a Charmouth conveyancing lawyer make my purchase more efficient?
On the whole conveyancing lawyers in your location will enjoy strong connections with your local authority, which can help with the Charmouth conveyancing searches that your conveyancer will require on your transaction. It can only assist if they have good connections with the Land Registry overseeing your area Charmouth, other conveyancers in the area and Charmouth property agents.
Our Charmouth solicitor has discovered a discrepancy between the assumptions in the home valuation survey and what is revealed within the conveyancing documents. My solicitor has advised that he needs to check that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s stance correct?
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 you.
We are purchasing a flat in Charmouth. I might seem paranoid but how we can trust a lawyer? On completion day we will need to deposit our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I've digested plenty of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Charmouth solicitor - who is on the Co-operative conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Co-operative will need an independent valuation of the property. Your lawyer will not arrange this. Usually Co-operative 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 solicitor 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 Charmouth postcode. As you are getting a mortgage with Co-operative, you could contact them to see if they have a list of approved surveyors in Charmouth.
Bank of Ireland have agreed my home loan in principle, my offer on a flat in Charmouth has been accepted, what are the next steps?
The property agent will want to be advised as to your lawyer's details (be sure the lawyers are on the lender’s approved list). Contact Bank of Ireland or the financial adviser and complete any appropriate documentation. Bank of Ireland will sellect a valuer who will get in contact with the selling agent or owners to book an appointment. Once carried out (assuming no problems) it takes about ten days to receive the mortgage offer. Bank of Ireland will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Charmouth.
Are there restrictive covenants that are commonly identified during conveyancing in Charmouth?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Charmouth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Am I right to be wary about brokers that I am dealing with are encouraging me to use a factory type conveyancing firm as opposed to a High Street Charmouth conveyancing firm?
As is the case with lots of service providers, often referrals from connections can be worth their weight in gold. Nevertheless there are lots of parties with a vested interest in a conveyancing matter; estate agents, mortgage brokers and banks might all suggest solicitors to use. Sometimes the conveyancers might be known to one of the organisations as being good in their field, but sometimes there exists a financial incentive behind the recommendation. You have the right to choose your own lawyer. You need to be aware that some mortgage providers have an approved list of conveyancers you have to use for the lender related work in your conveyancing.