Our Swadlincote solicitor has spotted a discrepancy when comparing the assumptions in the home valuation report and what is in the conveyancing documents. My lawyer says that he is duty bound to ensure that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s course or action legitimate?
Your lawyer must comply with the UK Finance Lenders’ Handbook specifications 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 bank has recommended a law firm on their panel based in Swadlincote but I would rather instruct a conveyancing lawyer in Swadlincote or nearer to where I live. Are you able to assist?
Not all Swadlincote conveyancing solicitors are listed all banks conveyancing panel. Use the above search tool to find a Swadlincote conveyancing firm on the on the mortgage company panel.
Me and my brother have a terraced Victorian house in Swadlincote. Conveyancing solicitor acted for me and Barclays Direct. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Swadlincote and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing lawyer who completed the work.
How does conveyancing in Swadlincote differ for new build properties?
Most buyers of new build property in Swadlincote approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is constructed. This is because developers in Swadlincote tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Swadlincote or who has acted in the same development.
Is it possible to switch solicitor as I have to appoint a firm on the Alliance & Leicester conveyancing panel. I hired a high street conveyancing solicitor in Swadlincote round the corner but she is not approved by Alliance & Leicester
It would be our pleasure to help you select a conveyancing solicitor in Swadlincote on the Alliance & Leicester panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Swadlincote. In making use of the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Swadlincote.