The Slade Green conveyancing firm handling our Slade Green conveyancing has spotted an inconsistency when comparing the surveyor’s assumptions in the valuation report and what is in the legal papers for the property. My lawyer informs me that he must check that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s approach legitimate?
Your conveyancer 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.
This question may be naive but I am unseasoned as FTB of a two bedroom flat in Slade Green. Do I receive the keys to the house on the completion date from my conveyancer? If so, I will instruct a local conveyancing solicitor in Slade Green?
On the day of completion you will not be required to go to the conveyancers office in Slade Green. Conveyancing lawyers for you will arrange to send the purchase money to the seller's solicitors, and shortly after the monies have arrived, you will be called to receive the keys from the Estate Agents and start moving into the property. This tends to happen between 1 and 3pm.
I am the only recipient of my late grandmother’s will with all property in now in my sole name, including the my former home in Slade Green. Conveyancing formalities meant that the Land Registry date was in September. I plan to dispose of the house. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership could be regarded the same way as if I'd bought the property in September. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. How practical a view lenders take of it, depend on the bank as this clause is chiefly there to identify subsales or the flipping of property.
Can I be sure that the Slade Green conveyancing solicitor on the Virgin Money panel is any good?
When it comes to conveyancing in Slade Green seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor conducting your transaction.
We are planning on selling our home in Slade Green and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Slade Green lawyer would know this is not the case. It does beg the question why the buyers are using a nationwide conveyancing practice as opposed to a conveyancing solicitor in Slade Green. We have lived in Slade Green for six years we know that this is a non issue. Do we contact our local Authority to seek confirmation that the buyers are looking for.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
Taking into account that I am about to spend over three hundred thousand on a terraced house in Slade Green I would like to talk to a conveyancer regarding thehome move prior to giving the go ahead to the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the lawyer who will be carrying out your conveyancing in Slade Green.There is no ‘factory style conveyancing’ - each client is an important person, not a matter number. The practices that we put you in touch with believe that the fees you are provided with for residential conveyancing in Slade Green should be the amount on the final invoice that you end up paying.
My partner and I soon to exchange buying a property in Slade Green but as a result of damage from the recent storms I have negotiated compensation from the owner of £2k by way of a reduction in the price. I had intended this to be dealt with as part of the conveyancing process however my bank will not agree to this. Should they have been informed?
The solicitor listed on a lender conveyancing panel is obliged to disclose to the mortgage company of any variations to the purchase amount. If you were to refuse your solicitor to disclose the reduction to your lender then they would need to disinstructing themselves from acting for you and the mortgage company.