My Seaton Delaval conveyancer has spotted a discrepancy between the information in the valuation report and what is in the legal papers for the property. My lawyer has advised that he is duty bound to ensure that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s stance legitimate?
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 you.
I am purchasing a terraced house in Seaton Delaval. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Seaton Delaval you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Seaton Delaval.
I'm converting the mortgage on my primary home to a BTL mortgage with Skipton Building Society and intend to use the remaining equity as a down payment on a second property. The location we are talking about is Seaton Delaval. Will your lawyers be able to act for both sets of banks and link together the two deals?
Do use our search tool on this site to be sure that the conveyancers are on the relevant lender panels. On the basis that they are your solicitor will be able to tie up the two transactions but you should have a chat with you conveyancer and make clear your desired outcome and needs.
I need to appoint a conveyancing solicitor for my conveyancing in Seaton Delaval. I have land on a site which appears to be the ideal answer If it is possible to get all formalities done via phone that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I own a leasehold flat in Seaton Delaval. Conveyancing and Clydesdale mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Seaton Delaval who acted for me is not around. What should I do?
The first thing you should do is make enquiries of HMLR to be sure that this person is in fact the registered owner of the freehold reversion. You do not need to instruct a Seaton Delaval conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Seaton Delaval Conveyancing for Leasehold Flats - Examples of Queries before buying
Where a Seaton Delaval lease has no more than 80 years it will impact the marketability of the flat. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will probably need a lease extension at some point and it is worth discovering what this will be. Remember, in most cases you will be be obliged to have owned the residence for two years in order to be entitled to extend the lease. Who takes responsibility for maintaining and repairing the building? Is the freehold owned collectively by the leaseholders?