My husband and I are buying property in Earlsfield. My Solicitor is not on the mortgage company conveyancing panel. Is it possible for me to appoint my Earlsfield conveyancing solicitor notwithstanding that they are not on the bank approved list?
You have a couple of alternatives open to you here
- Proceed with your existing Earlsfield property lawyer but your bank will undoubtedly use a conveyancer on their approved panel. The net result is additional cost and probable delay.
- Get a fresh solicitor to conduct the conveyancing, obviously checking they are on the bank conveyancing panel.
- Convince your conveyancer to pull out all the stops to get listed on the mortgage company panel of solicitors
Our Earlsfield lawyer has uncovered a difference when comparing the surveyor’s assumptions in the home valuation survey and what is in the title deeds. My lawyer has advised that he must ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions 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 looking for a flat up to £195,000 and identified one close by in Earlsfield I like with open areas and railway links in the vicinity, however it only has 51 years unexpired on the lease. I can't really find anything else in Earlsfield for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
My partner has urged me to appoint his lawyers for conveyancing in Earlsfield. Do I take his advice?
No doubt the best way to select a conveyancing lawyer is to seek referrals from friends or family who have actually used the firm that you are considering.
Living abroad I am unable to travel my Earlsfield conveyancing lawyers office to execute documents for conveyancing in Earlsfield – will this be problematic?
Not a problem. Earlsfield conveyancing solicitors can deal with conveyancing transactions for clients nationwide. It is not necessary for you to be able to visit a Earlsfield conveyancers office. Almost all solicitor can deal with all communications remotely from their Earlsfield office.