My Connahs Quay lawyer has identified a discrepancy when comparing the information in the home valuation survey and what is revealed within the legal papers for the property. My lawyer informs me that he needs to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance appropriate?
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.
Me and my partner are buying a flat in Connahs Quay. It might be a silly question but how we can trust a lawyer? At some point we will need to deposit funds into their account. What protection do we have from them run away with our deposit?
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.
We previously selected conveyancers located in Connahs Quay on the TSB solicitor approved list. They are now charging me an additional amount for dealing with the TSB mortgage. Is this an additional conveyancing fee set by TSB?
Provided it is contained in their Terms and Conditions or estimate then yes your property lawyer can charge a fee for this. This charge is not dictated by TSB but by your Connahs Quay property lawyer. Some firms on the TSB panel will levy an ‘acting for lender’ fee and others do not.
Our offer on a house in Connahs Quay has been accepted, the vendors do nevertheless have a dependent purchase. The owners have placed an offer on somewhere, but it’s not yet tied up, and are looking at other apartments in the pipeline. I have instructed a local conveyancing solicitor in Connahs Quay. What should be my next step? When do I get the mortgage application with Nottingham going?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then survey, Connahs Quay conveyancing search costs, etc). First, you should check that your property lawyer is on the Nottingham approved list. Concerning the subsequent stages this very much dictated by the specifics of your case, attraction to this property and on the state of the market. In a rising market the majority of home buyers would apply for the mortgage with Nottingham and arrange for the valuation and only if it comes back ok would they request their solicitor to proceed with the conveyancing in Connahs Quay.
I decided to have a survey completed on a property in Connahs Quay before instructing solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some lenders will not grant a mortgage on such a property.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to telephone us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Connahs Quay. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Connahs Quay to see if the conveyancing will be more expensive.
What makes your site different to other web based conveyancing solicitors for conveyancing in Connahs Quay?
At this site secure a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Connahs Quay. Unlike many estate agents and brokerage sites we do not operate referral arrangements with solicitors. Many agents and online brokers 'recommend' solicitors who pay the most kickback, as opposed to the best value conveyancing in Connahs Quay
Are there frequently found problems that you come across in leases for Connahs Quay properties?
There is nothing unique about leasehold conveyancing in Connahs Quay. Most leases are unique and legal mistakes in the legal wording can sometimes mean that certain sections are not included. For example, if your lease is missing any of the following, it could be defective:
A duty to insure the building
A defective lease can cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Coventry Building Society, and Barclays Direct all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the buyer to pull out.
Leasehold Conveyancing in Connahs Quay - A selection of Queries Prior to buying
Are any of leasehold owners in arrears of their service charge payments? How much is the service charge and ground rent on the apartment? It would be prudent to find out if there is anything that is prohibited in the lease. For example some leases prohibit pets being permitted in in a block in Connahs Quay. If you like the apartmentin Connahs Quay yet your cat is not allowed to move with you then you will be presented with a difficult choice.