Our Kelvedon solicitor has discovered a difference between the assumptions in the home valuation report and what is in the legal papers for the property. My solicitor has advised that he needs to ensure that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s course or action appropriate?
Your property lawyer 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.
Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a residence in Kelvedon?
Unless a prior acquisition of the house took place post 12 October 2013 you could expect conveyancing practitioners handling conveyancing in Kelvedon to remain recommending a chancel search and or chancel repair liability insurance.
I have justfound out that Wolstenholmes have been shut down. They conducted my conveyancing in Kelvedon for a purchase of a leasehold apartment 10 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Kelvedon conveyancing specialists.
I'm purchasing a new build house in Kelvedon with a loan from Halifax. The sellers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent told me not to tell my conveyancer about this side-deal as it would jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My cousin has encouraged me to use his lawyers for conveyancing in Kelvedon. Do I follow his advice?
There are no two ways about it the best way to select a conveyancing solicitor is to seek feedback from friends or family who have previously instructed the conveyancer that you are are thinking of instructing.