The Sneyd Park conveyancing firm handling our Sneyd Park conveyancing has identified an inconsistency between the information in the home valuation survey and what is in the title deeds. My solicitor says that he needs to ensure that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action right?
Your conveyancer 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.
We are planning to acquire a house and need a conveyancing solicitor in Sneyd Park who is on the Bank of Ireland solicitor panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in Sneyd Park.
If you had a top tip for choosing a conveyancing solicitor in Sneyd Park what would it be?
We would encourage you not to go for the lowest Sneyd Park conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Is it the case that all Sneyd Park solicitor firms on the Skipton conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Skipton conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Many banks do list licenced conveyancers on their panel and in such a situation the practice would be governed by the Council of Licensed Conveyancers.
Our offer on a property in Sneyd Park has been accepted, the sellers do nevertheless have a connected purchase. The vendors have offered on a flat, however it’s not been accepted yet, and have viewings of other apartments booked. I have instructed a nearby conveyancing solicitor in Sneyd Park. What do I do now? When should I get the mortgage application with Lloyds started?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is in the region of £1k, then valuation, Sneyd Park conveyancing search costs, etc). First, you must ensure that your conveyancing practitioner is on the Lloyds approved list. As to the next stages this very much dictated by the uniqueness of your transaction, attraction to this property and on the state of the market. During a rising market some home buyers would apply for the mortgage with Lloyds and pay for the valuation and only if it comes back ok would they pay their lawyer to proceed with the conveyancing in Sneyd Park.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one round the corner in Sneyd Park I like with a park and transport links nearby, the downside is that it only has 52 years on the lease. There is not much else in Sneyd Park suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan that many years will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
Do I need to be suspicious about estate agents that I am dealing with are recommending an internet conveyancing firm rather than a High Street Sneyd Park conveyancing practice?
As is the case with lots of professional services, often referrals from connections can be extremely useful or valuable. But there are many players in a conveyancing deal; estate agents, mortgage brokers and mortgage companies might all put forward conveyancers to instruct. Sometimes these lawyers might be known to one of the organisations as experts in their field, but occasionally there may be a financial incentive behind the recommendation. You have the right to select your own conveyancer. You need to be aware that some banks have an approved list of solicitors you have to use for the lender related work in your house move.