My Totteridge solicitor has discovered a difference between the surveyor’s assumptions in the home valuation survey and what is revealed within the conveyancing documents. My solicitor has advised that he needs to ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance appropriate?
Your solicitor 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 you.
My wife and I are buying a house in Totteridge. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to put our life savings into their account. What protection do we have from them run away with our deposit?
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 Barclays, do Totteridge conveyancers incur a fee to be on the conveyancing panel?
We are unaware of any lender fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
The formalities of my remortgage has taken place for my property in Totteridge. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
How does conveyancing in Totteridge differ for new build properties?
Most buyers of new build residence in Totteridge come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is built. This is because developers in Totteridge usually 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 conveyancers 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 Totteridge or who has acted in the same development.
In my capacity as executor for the will of my aunt I am selling a property in Swansea but live in Totteridge. My solicitor (who is 260 miles awayhas requested that I execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing practitioner in Totteridge to witness this legal document for me?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Totteridge based
I need to review costs for conveyancing in Totteridge from numerous conveyancing practitioner and decide on one. Do I tell them to hold tight until I a suitable house to buy.
We would recommend that you only request your property lawyer to open a file and submit searches once the sales memo has been sent by the estate agent especially as Totteridge conveyancing searches are costly.