Our New Waltham lawyer has identified a discrepancy between the assumptions in the valuation survey and what is in the legal papers for the property. My solicitor says that he must ensure that the lender is happy with this discrepancy and is content to go ahead. Is my conveyancer’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 both parties.
Finally the sale completed on my house in New Waltham last November yet the purchaser is whats apping daily to moan that her lawyer is waiting to hear from mylawyer. What should my lawyer have done following completion?
After completion of your disposal your solicitor is obliged to deliver the transfer documentation and all of the paperwork to the purchaser's solicitors. Depending on the transaction, your lawyer must also confirm that the home loan has been discharged to the buyers conveyancers. There is unlikely to be post completion procedures just for conveyancing in New Waltham.
I have todayfound out that Action Conveyancing have been shut down. They conducted my conveyancing in New Waltham for a purchase of a leasehold apartment 18 months ago. How can I check that the property is in my name in the name of the previous owner?
The quickest method to see if the premises is registered to you, you can carry out 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 New Waltham conveyancing specialists.
I'm purchasing a new build house in New Waltham with the aid of help to buy. The builders would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not disclose to my solicitor about the extras as it could affect my loan with the bank. Is this normal?.
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.
I need to appoint a conveyancing solicitor for sale conveyancing in New Waltham. I've land on a site which looks to be the perfect offering If it is possible to get all the legals done via phone that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?