Our Isle Of Wight conveyancer has spotted an inconsistency between the information in the valuation survey and what is revealed within the legal papers for the property. My lawyer has advised that he must check that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s approach legitimate?
Your conveyancer 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 you.
It is a dozen years since I bought my property in Isle Of Wight. Conveyancing solicitors have recently been appointed on the sale but I can't locate my deeds. Will this jeopardise the sale?
Don’t worry too much. First there is a chance that the deeds will be kept by the lender or they could be in the possession of the solicitor who oversaw the purchase. Secondly the chances are that the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Isle Of Wight relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is resolvable.
My wife and I purchasing a end of terrace house in Isle Of Wight. Our aim is to an extension at the rear at the property.Will legal conveyancing on the property include checks to ascertain if these alterations were previously refused?
Your conveyancer should review the registered title as conveyancing in Isle Of Wight will occasionally identify restrictions in the title documents which prohibit certain alterations or necessitated the permission of a 3rd party. Some works need local authority planning consent and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor before you commit yourself to a purchase.
We had chosen conveyancing lawyers with offices in Isle Of Wight on the Nationwide solicitor panel. They are now charging me a supplemental fee for the legal aspects of the Nationwide mortgage. Is this an additional conveyancing fee specified by Nationwide?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your property lawyer may charge a fee for this. The fee is not dictated by Nationwide but by your Isle Of Wight lawyer. Numerous firms on the Nationwide panel will quote ’dealing with mortgage’ fee but plenty of firms incorporate it on their overall fee.
I had an offer accepted on a house in Isle Of Wight on 11/6/2021, valuation was booked 4 days later, received a clean bill of health. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Skipton and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Skipton conveyancing panel. Are Skipton entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Skipton to deal with your lawyer's application to be on the Skipton conveyancing panel. There's no guarantee that your solicitor will be accepted.
Do commercial conveyancing searches reveal proposed roadworks that could affect a commercial premises in Isle Of Wight?
Its becoming the norm that commercial conveyancing solicitors in Isle Of Wight will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Isle Of Wight. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Isle Of Wight.
For every commercial conveyancing transaction in Isle Of Wight it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Isle Of Wight commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Isle Of Wight.
I need to instruct a conveyancing solicitor in Isle Of Wight for my home move. Can I review a solicitor's record with the profession’s regulator?
One may review presented Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after Jan 2008. Visit Check a solicitor's record. To find records Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training reasons.