The South East London conveyancing firm handling our South East London conveyancing has uncovered a discrepancy when comparing the information in the valuation report and what is revealed within the title deeds. My solicitor informs me that he needs to check that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s course or action legitimate?
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.
What is the difference between a licensed conveyancer and conveyancing solicitor in South East London
Two types of professional can conduct conveyancing in South East London namely licenced conveyancers or solicitors. Both professionals provide the legal services that you need to complete the disposal or purchase of property. Both are obliged to perform South East London conveyancing to the same quality and guidelines so you may be safe in the knowledge that your conveyancing will be professionally administered and that all requirements and steps should be appropriately followed.
The formalities of my remortgage has taken place for my property in South East London. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local South East London building society branch on a couple of occasions and was reassured it wasn't a problem and they will lend. My South East London conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they refuse to lend based on their published requirements. I simply don't know who is right.
Your solicitor must follow the CML Handbook section two specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. South East London is the location of the property. Can you offer any opinion?
Flying freeholds in South East London are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in South East London you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South East London may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How difficult is it to change solicitor as I have to retain one who is on the Chelsea Building Society conveyancing panel. I was using a local conveyancing solicitor in South East London round the corner but the firm is not accepted by Chelsea Building Society
We will our best to assist in finding you a conveyancing solicitor in South East London on the Chelsea Building Society panel. Please note that the property lawyers that we on the directory do not pay us a referral fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in South East London. Using the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in South East London.
Should I be worried if there is an issue with one of the searches for my conveyancing in South East London?
Usually, almost all adverse entries arising from South East London conveyancing search responses can be handled ahead of completion or title insurance may be obtained. You should remember that regardless of the fact that you are acquiring the property and may be willing to live with the search results, your lender may not, and when all said and done the decision rests with them.