The Preston conveyancing firm handling our Preston conveyancing has identified a discrepancy when comparing the assumptions in the home valuation report and what is revealed within the conveyancing documents. My lawyer informs me that he is duty bound to check that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s approach correct?
Your 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 both parties.
We're in Preston, First time buyers purchasing with a mortgage (lender is RBS , and our solicitor is on the RBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Despite weeks of looking the Title Certificate and documents to my house are lost. The solicitors who dealt with the conveyancing in Preston 10 years ago have long since closed. What are my next steps?
Gone are the days when you need to have the physical original deeds to prove you are the registered proprietor of land or property, as the Land Registry have everything they need in a digital format.
Due to the advice of my in-laws I had a survey completed on a property in Preston ahead of instructing lawyers. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies may not give a mortgage on such a home.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Preston. Conveyancing will be smoother if you use a solicitor in Preston especially if they are acquainted with such properties in Preston.
Taking into account that I will soon spend hundreds of thousands of pounds on a property in Preston I wish to have a conversation with the lawyer regarding thehome move ahead of appointing the firm. Can this be arranged?
This is something that we recommend - we would be delighted to talk to you we do not take any clients on without you liaising with the solicitor who will be conducting your property ownership legalities in Preston.There is no ‘factory style conveyancing’ - each client is an important person, not a matter number. The law firms that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Preston should be the amount on the final invoice that you end up paying.