Our Tiptree lawyer has uncovered an inconsistency between the assumptions in the home valuation report and what is revealed within the title deeds. My solicitor says that he needs to check that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance legitimate?
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.
Will my solicitor be raising enquiries regarding flooding during the conveyancing in Tiptree.
Flooding is a growing risk for lawyers carrying out conveyancing in Tiptree. There are those who buy a property in Tiptree, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to impart advice on flood risk, but there are a various searches that may be initiated by the buyer or on a buyer’s behalf which should figure out the risks in Tiptree. The conventional set of property information forms supplied to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the owner to discover whether the property has suffered from flooding. In the event that the property has been flooded in past and is not revealed by the vendor, then a purchaser could commence a legal claim for losses resulting from an misleading response. A purchaser’s lawyers may also order an enviro report. This should indicate if there is any known flood risk. If so, more detailed inquiries should be carried out.
I am purchasing my first flat in Tiptree with a loan from Britannia. The developers would not budge the price so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not reveal to my solicitor about the extras as it would adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In my capacity as executor for the estate of my grandfather I am selling a residence in Neath but live in Tiptree. My conveyancer (approximately 260 kilometers awayhas requested that I sign a statutory declaration before completion. Could you suggest a conveyancing solicitor in Tiptree to witness and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are based in Tiptree
Me and mypartner and I are searching for a responsive conveyancing solicitor in Tiptree to help me sell my home. I I am fearful of appointing the wrong one but with many Tiptree conveyancing organisations out there...who do I opt for?
If you’ve not used a conveyancer previously, a personal recommendation via family or friends is a great place to start and is often the best barometer of quality. As an alternative option, view the Law Society’s regional record of lawyers in Tiptree or use our search tool to locate a conveyancing lawyer in Tiptree.