My financial adviser has requested my Consett lawyer’ panel member for the Nationwide conveyancing panel. Can you suggest how I obtain this. I have contacted my local Consett office but they don't know it.
Have you tried contacting your Consett lawyer about this?. They retain a central record lender panel numbers.
My Consett conveyancer has discovered an inconsistency between the information in the valuation survey and what is in the legal papers for the property. My lawyer says that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action correct?
Your conveyancing practitioner 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 both parties.
Why do I have to pay up front for conveyancing in Consett?
Where you are retaining lawyers for conveyancing in Consett your lawyer will request that you put them with monies to cover the the cost of the conveyancing searches. Normally this is requested to cover the fees of the conveyancing searches. When the down payment is payable against the sale price then this should be needed immediately prior to exchange of contracts. The closing balance that is needed should be transferred shortly before completion.
Are the BSA planning on creating a online directory to to identify law firms on the Earl Shilton BS conveyancing panel for instance in Consett?
We would not expect to be advised of any intention on the part of the BSA to promote such a search facility.
Will our conveyancer be asking questions regarding flooding as part of the conveyancing in Consett.
The risk of flooding is if increasing concern for solicitors dealing with homes in Consett. Some people will buy a house in Consett, fully expectant that at some time, it may be flooded. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to offer advice on flood risk, however there are a numerous checks that can be initiated by the purchaser or on a buyer’s behalf which can give them a better understanding of the risks in Consett. The conventional set of completed inquiry forms sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) incorporates a standard question of the owner to determine whether the premises has suffered from flooding. If flooding has previously occurred and is not disclosed by the seller, then a purchaser may issue a legal claim for losses resulting from an misleading reply. A buyer’s solicitors should also carry out an environmental search. This will higlight if there is any known flood risk. If so, more detailed investigations should be conducted.