The Princes Risborough conveyancing firm handling our Princes Risborough conveyancing has identified an inconsistency when comparing the information in the valuation survey and what is in the legal papers for the property. My lawyer says that he is obliged to ensure that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s approach correct?
Your property lawyer 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.
We are selling our flat in Princes Risborough. Will my property lawyer need to be on the Santander conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
I am looking into buying my first house which is in Princes Risborough and I am already nervous. I couldn't find anything specific about Princes Risborough. Conveyancing will be needed in due course but do you know about the Princes Risborough area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Princes Risborough. In the meantime here are some basic statistics that we found
I am one month into a leasehold purchase having been referred to a firm by the local agent to execute conveyancing in Princes Risborough. I am am extremely disappointed with the level of service. Can you help me find new lawyers?
They would need to be very poor to suggest diss instructing them. Has the mortgage offer been generated? If so you need to make them aware of the new contact details and ensure the mortgage documents are re-sent. Your conveyancer needs to be on the lenders panel to avoid added costs and complications. That should be your first question of the new lawyers. Our search tool will assist you in finding a lender approved lawyer for your home move in Princes Risborough
One month into purchasing a house in Princes Risborough. Conveyancing lawyer has called to say the property is "Leasehold". Should this impact the salability of the property?
Princes Risborough conveyancing does not normally involve leasehold houses. The crucial consideration here is the unexpired lease term and the ground rent. If there are hundred of years years remaining with a peppercorn rent, it's almost the same as freehold, so it shouldn't impact the value significantly.
At the other end of the spectrum, if it's, say, fifty five years it will have a adverse impact on the saleability, and most likely wouldn't be mortgageable. The remaining lease term and ground rent will be stated in the lease provided to your conveyancer.