I am getting a mortgage offer from Santander. My intention is to use a Licensed Conveyancer in Stockwell. Does the Santander Conveyancing panel allow for conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
The Stockwell conveyancing firm handling our Stockwell conveyancing has spotted an inconsistency when comparing the surveyor’s assumptions in the home valuation report and what is in the legal papers for the property. My solicitor informs me that he is obliged to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s course or action correct?
Your 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 both parties.
Are the BSA planning on creating a online directory to list firms on the Earl Shilton BS conveyancing panel for instance in Stockwell?
We would not expect to be advised of any intention on the part of the BSA to promote such a tool.
Are there restrictive covenants that are commonly identified during conveyancing in Stockwell?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Stockwell. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am due to review estimates for conveyancing in Stockwell from three solicitor and decide on one. Do I get them to sit tight until I have found somewhere to purchase.
We suggest that you wait to ask your solicitor to commence work and order searches after the offer has been agreed to on the property especially as Stockwell conveyancing searches are not cheap.