My Olney conveyancer has spotted an inconsistency when comparing the information in the valuation survey and what is in the title deeds. My solicitor has advised that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach legitimate?
Your conveyancing practitioner 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.
Are the BSA planning on creating a search tool with a view to list firms on the Earl Shilton BS conveyancing panel for instance in Olney?
We have not been informed any plans on the part of the BSA to develop such a tool.
This question may be naive but I am new to the home moving as a first time purchaser of a two bedroom flat in Olney. Do I collect the keys to the house on the completion date from my solicitor? If this is the case, I will find a local conveyancing solicitor in Olney?
On the day of completion you do not need to attend the conveyancers office in Olney. Conveyancing lawyers for you will electronically transfer the purchase money to the owner’s conveyancers, and shortly after the monies have arrived, you will be able to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
I have decided to exercise my right to buy my property in Olney off the council. I have a mortgage agreed with TSB. 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 use 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 TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
I recently had an offer agreed on an apartment in Olney. My financial adviser suggested a conveyancer. I paid an upfront payment of £175. Shortly after, the solicitor contacted me to say that they were not on the Nationwide conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nationwide panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Olney is where the house is located. What do you suggest?
Flying freeholds in Olney are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Olney you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Olney may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How do I use your search app to get a fee calculation from a conveyancing practitioner in Olney on the authorised to act for my lender?
1st pick a mortgage company such as Nationwide Building Society, Coventry Building Society or Platform Home Loans Ltd then specify your location e.g. Olney. Conveyancing firms in Olney and beyond will then be listed.