My Poppleton and Bishopthorpe solicitor has uncovered an inconsistency between the surveyor’s assumptions in the home valuation survey and what is revealed within the legal papers for the property. My solicitor says that he needs to ensure that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s course or action 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 both parties.
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to use their panel lawyer as I would much rather instruct a high street conveyancing solicitor in Poppleton and Bishopthorpe?
Do check but the the probability is that give you one of their panel conveyancers where you accept the "fee-free" incentive. Call the bank and determine if they offer you a cash alternative. Some banks have previously offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Poppleton and Bishopthorpe.
The deeds to our property are lost. The solicitors who did the conveyancing in Poppleton and Bishopthorpe 5 years ago have long since closed. What do I do?
Assuming the title is registered the information relating to your ownership will be held by the Land Registry with a Title Number. It is possible to conduct a search at the Land Registry, locate your property and secure up to date copies of the property title for less than a fiver. If the property is Leasehold then the Land Registry will in most cases hold a file copy of the Registered Lease and again, a copy can be ordered for a small fee.
Due to the encouragement of my in-laws I had a survey completed on a property in Poppleton and Bishopthorpe ahead of instructing conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some banks may not give a loan on this type of property.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Poppleton and Bishopthorpe. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm remortgaging my current property to a buy to let loan with Britannia and intend to use the remaining equity as a deposit on another property. The neighborhood we are looking at is Poppleton and Bishopthorpe. Will your solicitors be able to act for the two banks and tie in the conveyances?
Make use of our comparison tool on this site to check that the conveyancers are approved by both banks. Assuming that they are your solicitor should be able to tie up the two conveyancing matters but you should talk with you conveyancer and communicate your desired outcome and needs.