My Penryn solicitor has uncovered a difference between the assumptions in the home valuation report and what is in the title deeds. My lawyer informs me that he is obliged to check that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance correct?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications 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.
When does exchange of contracts happen for residential conveyancing in Penryn and do I need to be at the solicitors branch?
If you are round the corner to one of the conveyancing solicitors in Penryn you are welcome to attend to sign the paperwork. However, the law practices we work with provide a national conveyancing service and give just as detailed and professional a job for you when dealing with you electronically. The signing of the purchase agreement is not the important part. A signed contract simply enables the conveyancer to address the formalities when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Penryn)to be in the office at the appropriate time.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Penryn so that I can pop in to their offices when needed.
Nowadays approved lawyers for lenders carry out the vast majority of communications through the post, internet or over phone calls. This enables them to conduct the legal work for your home move no matter where you live in the country. That being said you should check if you have the option of attending the offices of your conveyancing lawyer if just in case this is required.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Penryn is where the house is located. Can you offer any advice?
Flying freeholds in Penryn are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Penryn you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Penryn may ascertain 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 identify a Penryn solicitor on the Nationwide Building Society conveyancing panel? I have wheels and am happy to travel upto 25miles to meet the lawyer.
Feel free to make use of the tool on this website. Please pick a bank and your location and you will see a number of Penryn conveyancing lawyers located nearest you. We have detailed some Penryn conveyancing firms at the bottom of this page and you can ring them to check if they are on the Nationwide Building Society member panel