My Sprowston conveyancer has uncovered an inconsistency between the surveyor’s assumptions in the home valuation report and what is in the title deeds. My solicitor informs me that he is duty bound to check that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s course or action appropriate?
Your conveyancing practitioner 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 both parties.
My grandmother passed away last year and as sole heir and executor I was left the property in Sprowston. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this allowed?
Given you intend to refinance then UBS will insist on your using a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
I am aiming to move property in May. Should my conveyancing solicitor update the removal company on the completion day. On a separate note, can you put forward a removal company in Sprowston. Conveyancing lawyer was chosen prior to coming across your site.
On the afternoon of completion you can collect the house keys from your property agent however this should only occur once the vendors conveyancers advise the agent that they acknowledge receipt of the completion payment and the keys can be released. You should tell the removal company that they can start moving you in. As a matter of policy we do not recommend a particular removal organisation but can assist you in finding a residential property solicitor in Sprowston or a solicitor with expertise in conveyancing in Sprowston.
Does a directory service exist listing Coventry BS panel conveyancers in Sprowston on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association websites. Very few lending institutions make their panel listings viewable on the web. Where you are in need of a Sprowston conveyancer on the Coventry BS please make the most of our tool.
Intending to buy a maisonette in Sprowston. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Sprowston property lawyer is on the Kent Reliance conveyancing panel.
I have been on the look out for a ground for flat up to £245,000 and found one near me in Sprowston I like with a park and station in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Sprowston in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
How easy is it to swap conveyancer as I need to find a firm on the The Mortgage Works conveyancing panel. I was using a family conveyancing solicitor in Sprowston round the corner but he is not approved by The Mortgage Works
It would be our pleasure to help you find a conveyancing solicitor in Sprowston on the The Mortgage Works panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Sprowston. In making use of the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Sprowston.