Our Sheerness lawyer has uncovered a discrepancy when comparing the assumptions in the home valuation report and what is revealed within the title deeds. My lawyer informs me that he needs to ensure that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action correct?
Your lawyer must comply with the UK Finance Lenders’ Handbook conditions 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.
Can you explain why leasehold purchase conveyancing in Sheerness is more expensive?
Sheerness leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
My property lawyer in Sheerness is not listed on the Yorkshire Building Society Solicitor Panel. Is it possible for me to retain my family solicitor notwithstanding that they are not on the Yorkshire Building Society panel?
The limited options open to you here include:
- Carry on with your preferred Sheerness lawyers but Yorkshire Building Society will need to retain a solicitor on their panel. This will result in additional overall legal charges and result in delays.
- Get a new practitioner to act in the purchase, remembering to check they are Yorkshire Building Society approved.
- Persuade your Yorkshire Building Society solicitor to seek to join the Yorkshire Building Society panel
I am selling my property. My previous solicitors closed down. I am in need of a recommendation of a conveyancing firm. Im based in Sheerness if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in Sheerness. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Why is New Build conveyancing in Sheerness more expensive?
Conveyancing in Sheerness for recently converted or new build premises often involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as additional investigations and contractual considerations.