The Stoke Bishop conveyancing firm handling our Stoke Bishop conveyancing has discovered an inconsistency between the surveyor’s assumptions in the valuation survey and what is revealed within the title deeds. My lawyer informs me that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance correct?
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.
Finally the sale completed on my house in Stoke Bishop last March but my buyer keeps telephoning daily to say his solicitor needs to hear from mine. What should have happened following completion?
Post completion of your house sale your conveyancer should forward the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Where appropriate, your solicitor should also send confirmation that the mortgage has been repaid to the purchasers solicitors. There are no post completion requirements just for conveyancing in Stoke Bishop.
Me and my partner are buying a apartment in Stoke Bishop. I might seem paranoid but how we can trust a conveyancer? At some point we will need to send funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to mortgage companies such as Santander, do Stoke Bishop property lawyers face an annual charge to be on the list of approved solicitors?
We are unaware of any lender fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
I am purchasing a property in Stoke Bishop. A rare aspect is that the roof has a solar panel. Barclays have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Barclays your lawyer must check the conveyancing instructions contained in Part 2 of UK Finance Lenders’ Handbook for Barclays. The CML Handbook includes minimum provisions for solar panel roof-space leases, and solicitors are required to report to Barclays where a lease fails to meet these conditions. The provisions relate to the installation of panels on properties nationwide and is not limited to Stoke Bishop.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Stoke Bishop is the location of the property. What do you suggest?
Flying freeholds in Stoke Bishop are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stoke Bishop you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stoke Bishop may determine 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.
I am looking to sell my property. My previous conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Stoke Bishop if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Stoke Bishop. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.