The Corfe Mullen conveyancing firm handling our Corfe Mullen conveyancing has uncovered a discrepancy between the surveyor’s assumptions in the home valuation report and what is in the title deeds. My solicitor informs me that he must check that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s stance legitimate?
Your solicitor 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.
I am purchasing a property and need a conveyancing solicitor in Corfe Mullen who is on the Leeds Building Society conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Leeds Building Society in certain locations such as Corfe Mullen. We dont recommend any particular firm.
I am currently in the process of buying my council flat in Corfe Mullen. I have a mortgage agreed with Principality. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
It is not clear whether my bank requires a lease extension. I have called into my local Corfe Mullen building society branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Corfe Mullen conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their specific requirements. Who do I believe?
As long as the solicitor is on the lender approved list, they must follow the Council of Mortgage Lenders’ Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Santander have agreed my home loan in principle, my offer on a property in Corfe Mullen has been agreed to, what are the next steps?
Your estate agent will want to be informed of your conveyancer's details (make sure the conveyancers are on the bank’s panel). Contact Santander or the broker and finish off any outstanding documentation. Santander will instruct a valuer who will get in touch with the selling agent or vendor to schedule a time for the valuation to take place. Once conducted (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Santander will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Corfe Mullen.
I decided to have a survey completed on a property in Corfe Mullen in advance of instructing lawyers. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some lenders tend not grant a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Corfe Mullen. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I use a Corfe Mullen conveyancing practitioner based in the location that I am hoping to buy? We have a good friend who can handle the legal formalities however her office is 200miles drive away.
The primary upside of using a high street Corfe Mullen conveyancing practice is that you can drop in to sign paperwork, hand in your identification documents and apply pressure on them if necessary. They will also have local insight which is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and they were impressed that must surpass using an unfamiliar Corfe Mullen conveyancing lawyer solely due to them being Corfe Mullen based.