Our Claverdon conveyancer has identified a difference when comparing the assumptions in the home valuation survey and what is revealed within the legal papers for the property. My lawyer has advised that he is obliged to check that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s approach correct?
Your solicitor 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 both parties.
We're in Claverdon, First time buyers purchasing with a mortgage (lender is Leeds Building Society , and our lawyer is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I used Stirling Law a few years ago for my conveyancing in Claverdon. Now, I need my documents but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Claverdon of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one near me in Claverdon I like with a park and station nearby, the downside is that it's only got 52 years on the lease. I can't really find anything else in Claverdon in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
I am using a search engine for the phrase cheap conveyancing in Claverdon it reveals many solicitorsin the area. How do I determine which is the suitable conveyancing solicitor for my move?
The best way of seeking a suitable conveyancer is via personal recommendation, so seek the guidance of colleagues and family who have bought a property in Claverdon or a reputable estate agent or mortgage broker. Costs for conveyancing in Claverdon differ, so it's a good idea to secure a minimum of three estimates from different conveyancers. Be sure to obtain confirmation that the fees are fixed.