The Southmead conveyancing firm handling our Southmead conveyancing has spotted a discrepancy when comparing the surveyor’s assumptions in the valuation report and what is revealed within the legal papers for the property. My lawyer says that he must ensure that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s approach appropriate?
Your conveyancer 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.
Is it necessary to pay for insurance to cover chancel repairs when acquiring a house in Southmead?
Unless a previous acquisition of the premises took place after 12 October 2013 you could expect lawyers handling conveyancing in Southmead to remain encouraging a chancel search and or insurance against a claim.
I have todaydiscovered that Stirling Law have closed. They carried out my conveyancing in Southmead for a purchase of a freehold house 18 months ago. How can I check that the property is in my name in the name of the previous owner?
The quickest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Southmead conveyancing specialists.
How do I use the search app to locate a conveyancing solicitor in Southmead on the panel for my lender?
Step one is to select a mortgage company such as Halifax, Barnsley Building Society or Alliance & Leicester then specify your location a common one being Southmead. Conveyancing firms in Southmead and nationally will then be listed.
Me and my husband have just had an offer accepted on a house and had meeting on Wednesday with Leeds Building Society for the mortgage. They advised us that when it comes to selecting a lawyer that unless they are on their approved list of lawyers then we will incur an extra charge of £250+. This is is due to the fact that they would then have to appoint a solicitor to act for them as well as the one we choose to act on our behalf and we assume responsibility for their invoice. I have asked Leeds Building Society to send me with a list so I can seek quotes only from their approved lawyers but was told that I need to check with each individual lawyer to see if they are on the panel. Is there a simple way of finding out who is on a lender panel?
Ask Leeds Building Society what their criteria for joining their panel is for a solicitor.Thereafter ask the property lawyer of your choice whether they fit that criteria and have they acted on mortgages for Leeds Building Society historically. Where the answer to those is yes, then just clarify this with Leeds Building Society. Another option is to utilise our search facility and we should be able to locate a lawyer in Southmead on the panel for Leeds Building Society.